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Inflation
02/10/2023
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By Belle Carter
Amazon, DHL reduce cargo flights as consumer demand weakens
The Air Transport Services Group (ATSG) announced earlier this week that two of its major partners – technology and retail giant Amazon and logistics firm DHL Express – are reducing flight schedules for their contracted fleets in response to weaker e-commerce demand. ATSG provides aircraft leasing and outsourced transportation services for cargo customers. While it issued an outlook for […]
01/24/2023
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By JD Heyes
Biden’s economy: Major companies continue to lay off thousands of workers as recession worsens
The Democratic left’s grotesque hypocrisy continues to be exposed the longer Joe Biden’s disastrous presidency lasts. The deep state-aligned ‘Justice’ Department only cracks down on conservatives; Biden’s document scandal is getting worse without much of a mention in the Democrat-aligned press; two quarters of negative growth is no longer considered the telltale sign of a […]
01/23/2023
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By Cassie B.
Microsoft to cut 10,000 jobs in latest Big Tech layoffs
Microsoft has joined a wave of other tech companies in announcing mass layoffs, cutting around five percent of its overall workforce. A securities filing last week noted that they would be laying off 10,000 employees as part of a range of measures aimed at cutting costs in the wake of economic uncertainty. Ahead of the […]
01/10/2023
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By Ethan Huff
NOT LOVIN’ IT: McDonald’s to lay off many of its 200,000 corporate employees in coming months
Starting in April of 2023, the McDonald’s fast-food chain is planning to lay off thousands of people from within its corporate structure. CEO Chris Kempczinski wrote in a memo that the company is “unfocused” and in need of some serious trimming. With roughly 200,000 people working in corporate roles at McDonald’s, there are plenty of […]
01/06/2023
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By JD Heyes
Collapse of woke tech companies continues as Amazon announces huge layoffs
E-tailer behemoth Amazon is following the trend of other huge tech companies that are currently laying off a staggering number of Americans after hiring binges over the past couple of years, and, not surprisingly, as many of them became “woke” and began abusing their users. Earlier this week, Amazon notified employees that plans are in […]
11/23/2022
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By Belle Carter
Japan’s central bank won’t hike interest rates amid highest inflation in 40 years
The Bank of Japan (BOJ) said it would not raise interest rates amid the Land of the Rising Sun’s 40-year-high inflation, insisting on an easy monetary policy. Reuters reported that the nationwide core consumer price index in Japan went up by 3.6 percent compared to a year earlier. It also marked the highest surge since […]
11/17/2022
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By Cassie B.
Amazon to fire 10,000 employees in biggest layoff in company’s history
Amazon plans to fire around 10,000 employees in corporate technology roles in what may be one of the biggest layoffs in the company’s history as mass firings throughout the tech industry continue to add up. Insiders who have direct knowledge of the planned job cuts say they will be focused on its retail division, human […]
09/22/2022
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By Mary Villareal
Amazon suspends construction of new warehouses in Spain as consumer demand continues to plummet
Amazon has suspended the construction of its new warehouses in Spain until 2024. The e-commerce giant told its providers and partners that it is going to wait and see as the pandemic-driven online shopping has slowed down. However, Amazon is adamant that its commitment to Spain remains. It promised to continue on the path to fulfill its […]
08/05/2022
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By News Editors
It’s happening: Here is a list of 11 big companies that have announced layoffs within the last 2 weeks
When the economy slows down, layoffs inevitably happen. We witnessed this on a very large scale in 2008 and 2009, and now it is happening again. U.S. economic numbers are rapidly getting worse, and companies all across America don’t want to get caught with bloated payrolls as we plunge into a recession. As you will see […]
06/14/2022
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By Ethan Huff
Consumer demand is drying up, leaving shelves at big-box retailers overstocked with things nobody wants
Inventory is piling up at many of the nation’s largest big-box retailers as overinflated consumer markets take a major tumble. Target, Walmart, Amazon and others are now sitting on way too many things that nobody wants, reports indicate, which is sending “bad vibes,” to quote Vox‘s Emily Stewart, into the economy. “More and more spooky […]
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