Stalin
Well-Known Member
- Joined
- Apr 4, 2008
- Messages
- 3,845
keep it up Mr Frump, soon everybody will have much more leisure time...
"..The monthly report by human resources firm ADP (Automatic Data Processing) found that US private employers cut 32,000 jobs in the month of November, the latest sign of an accelerating jobs massacre.
Meanwhile, there is a massive increase in firings during this holiday season, something companies were previously likely to avoid because of bad publicity. More than 3 in 10 US companies plan to carry out layoffs before the end of the year, according to a survey of 1,000 business leaders by Resume.org. Some 69 percent are using AI to help decide whom to fire, and 42 percent will not give severance to all employees. Around 82 percent of firms say executives will receive bonuses this year.
The drop in ADP’s figures was unexpected among analysts, who projected a small increase. The fall was driven by a sharp decline in employment on the part of small businesses, with 120,000 cuts by companies with 50 or fewer employees. Small net increases in hiring by large firms only partially offset these losses.
Significantly, the report does not include public sector workers, hundreds of thousands of whom have been fired under the Trump administration, which is slashing social programs, regulatory agencies and anything that restricts profit-making by the rich. Were “reductions in force” during the government shutdown in October and November taken into account, the report would undoubtedly be far worse for workers. The Trump administration is refusing to release unemployment data for the month of October, a tacit admission that the shutdown created a social catastrophe.
By some measures, this is the biggest wave of job cuts since the 2008–2009 recession. Last month’s report from Challenger, Gray & Christmas found that 1.1 million layoffs had been announced by US employers by the end of October this year. The November report is expected later in the week.
A report by HR Digest found mass layoff warnings filed with the government at their highest level in a decade. The publication called 2025 “the year of layoffs.”
Corporations are using rapidly developing automation and artificial intelligence technology to eliminate vast swaths of the workforce, imposing the cost of the developing economic crisis on the backs of the working class. This crisis is driven by a combination of out-of-control speculative bubbles, including AI itself, and trade war measures worldwide that are being spearheaded by the Trump administration.
The picture that emerges is of a sweeping redistribution of wealth from a large majority of the population, including the working class and more economically vulnerable sections of the middle class, to the oligarchy and the wealthiest layers of society. It is the result of a policy of class warfare that finds its most direct expression in Trump’s ongoing plans for dictatorship.
comrade stalin
moscow
"..The monthly report by human resources firm ADP (Automatic Data Processing) found that US private employers cut 32,000 jobs in the month of November, the latest sign of an accelerating jobs massacre.
Meanwhile, there is a massive increase in firings during this holiday season, something companies were previously likely to avoid because of bad publicity. More than 3 in 10 US companies plan to carry out layoffs before the end of the year, according to a survey of 1,000 business leaders by Resume.org. Some 69 percent are using AI to help decide whom to fire, and 42 percent will not give severance to all employees. Around 82 percent of firms say executives will receive bonuses this year.
The drop in ADP’s figures was unexpected among analysts, who projected a small increase. The fall was driven by a sharp decline in employment on the part of small businesses, with 120,000 cuts by companies with 50 or fewer employees. Small net increases in hiring by large firms only partially offset these losses.
Significantly, the report does not include public sector workers, hundreds of thousands of whom have been fired under the Trump administration, which is slashing social programs, regulatory agencies and anything that restricts profit-making by the rich. Were “reductions in force” during the government shutdown in October and November taken into account, the report would undoubtedly be far worse for workers. The Trump administration is refusing to release unemployment data for the month of October, a tacit admission that the shutdown created a social catastrophe.
By some measures, this is the biggest wave of job cuts since the 2008–2009 recession. Last month’s report from Challenger, Gray & Christmas found that 1.1 million layoffs had been announced by US employers by the end of October this year. The November report is expected later in the week.
A report by HR Digest found mass layoff warnings filed with the government at their highest level in a decade. The publication called 2025 “the year of layoffs.”
Corporations are using rapidly developing automation and artificial intelligence technology to eliminate vast swaths of the workforce, imposing the cost of the developing economic crisis on the backs of the working class. This crisis is driven by a combination of out-of-control speculative bubbles, including AI itself, and trade war measures worldwide that are being spearheaded by the Trump administration.
The picture that emerges is of a sweeping redistribution of wealth from a large majority of the population, including the working class and more economically vulnerable sections of the middle class, to the oligarchy and the wealthiest layers of society. It is the result of a policy of class warfare that finds its most direct expression in Trump’s ongoing plans for dictatorship.
30 percent of US corporations planning holiday season layoffs
The picture that emerges is of a massive redistribution of wealth from the working class and more economically vulnerable sections of the middle class to the wealthiest layers of society.
www.wsws.org
comrade stalin
moscow
