I hate to say it, but welcome to Trump's economy companies have started a new wave of layoffs as stock markets hit new highs. The reason I'm writing the piece is because my company just quietly laid off a significant amount of people when compared to the department. The comes one the heels of a even larger layoff that was publicly announced a whole back. So it got be wondering what the job landscape was looking like now that Trump is in office and let me tell you the news is bleak.
Firs off, I saw that CNN plans to lay off hundreds of employees Thursday as it refocuses the business around a global digital audience. The layoffs come as CNN is rearranging its linear TV lineup and building out digital subscription products. The cuts will help CNN lower production costs and consolidate teams.
Next I saw a headline that Biogen research team was hit by layoffs as company shifts resources to external opportunities. This announcment is not far off from their last round of cuts were more than 1,000 employees lose their jobs.
The biggest news that's been taking over headlines is that the Trump administration is laying off all federal employees in DEI offices. An executive order from President Trump directed all agencies to cease any DEI activities immediately and workers were sent home with pay, but they promised that wont last long.
Worst yet, I saw that Stripe mistakenly sent some workers an image of a duck as it announced 300 lay offs...This is also not their first round of layoffs. The company cut around 1,000 jobs in 2022 and a few dozen in mid-2023, mostly from its recruiting department.
I have a feeling this is just the start and I am projecting 2025 to be rougher than most anticipate. With more layoff I'm aslo expecting companies may also consider cutting costs by reducing salaries, benefits, bonuses and office space. I bet these billionaire will make more money than ever at our expense.
First of all, CNN is garbage and needs to just shut down, so I am okay with them laying off people. And second, yeah, most DEI hires were simply that. Most don't have the skills necessary to really effectively perform the job, or they are just filling a seat for some kind of demographic. It doesn't help that AI is going to take a TON of white collar style jobs.
If they aren't making money from the labor, then you cut the labor, it's plain and simple business. So I say whatever, people need to learn some real skills anyway, like how to build stuff, grow food, etc.
I am not a fan of any politician, but I know from his first term that things were way better off than they have been in the last 4 years. And now he is in with the experience from the first round. So this may be a good thing. People need to learn to be more independent and stop relying on these massive corporations to give us our lively hood. I say this as someone who worked for Apple for nearly 10 years and is so much happier being free and independent. It has taught me to use the resources around me to earn my living instead of running that corporate rat race they all want us to run so they can make money on us.
Tech seems to be getting hit hard. I know a guy who was just about to get laid off but right before it happened he found a new job. He didn't know about the lay off, so it was pure luck.
I'm not American so maybe I don't understand, but how can just trump election make companies layoff? At least the not public ones like CNN... If they have financial issues they would have lay off even with Harris...
Seems like with the advancements of technology going on, there is a massive effect it is having in job opportunities when it comes to the people involved
Trump will do good things for the people