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☆ Yσɠƚԋσʂ ☆@lemmygrad.ml to news@hexbear.netEnglish · 7 days ago

US job cuts have pass 1 million, a milestone only seen during the dotCom bust, Great Recession, and pandemic. October's layoffs surged 175% YoY ranking 2025 among the worst years for job losses.

www.forbes.com

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US job cuts have pass 1 million, a milestone only seen during the dotCom bust, Great Recession, and pandemic. October's layoffs surged 175% YoY ranking 2025 among the worst years for job losses.

www.forbes.com

☆ Yσɠƚԋσʂ ☆@lemmygrad.ml to news@hexbear.netEnglish · 7 days ago
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Job Losses Pass 1 Million For 2025, With Grim Outlook For Seasonal Hiring
www.forbes.com
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A new report largely blames "disruptive technology” and cuts to government spending for a high number of job losses this year.
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  • DerRedMax [comrade/them, any]@hexbear.net
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    7 days ago

    I guess that’s why they didn’t release the data.

    • OffSeasonPrincess [she/her]@hexbear.net
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      7 days ago

      As long as we dont look at the data the jobs both exist and dont exist big-cool

      • quarrk [he/him]@hexbear.net
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        7 days ago

        There should be a rose-tinted glasses version of that emoji

      • MeThisGuy@feddit.nl
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        7 days ago

        kind of like AI evaluations in the stock market

    • Runcible [none/use name]@hexbear.net
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      7 days ago

      well, that and the shutdown

  • 30_to_50_Feral_PAWGs [she/her]@hexbear.net
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    7 days ago

    Eagerly awaiting the advent of “Japanese-American internment camps, but as farce” in six years doomer

    • Tabitha ☢️[she/her]@hexbear.net
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      7 days ago

      advent

      you mean awaiting the end? they’re already here

  • Runcible [none/use name]@hexbear.net
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    7 days ago

    Interesting that they don’t mention tariffs.

    You can kinda assume from “softened” consumer spending but there’s been a bunch of comments on how companies haven’t (yet) passed on the full cost of tariffs and it’s hard to imagine that doesn’t result in job losses.

    • ☆ Yσɠƚԋσʂ ☆@lemmygrad.mlOP
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      7 days ago

      Yeah, tariffs are an obvious factor in all this.

    • Belly_Beanis [he/him]@hexbear.net
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      6 days ago

      Tariffs after WWI and all the isolationism is one of the major causes of the Great Depression as well lol

  • PorkrollPosadist [he/him, they/them]@hexbear.net
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    7 days ago

    15,000 layoffs at Verizon today.

  • BodyBySisyphus [he/him]@hexbear.net
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    7 days ago

    “Disruptive technology” has always been a funny term, but it’s especially hilarious applied to LLMs because they are currently destroying way more value than they’re creating. Like describing a gunshot victim as someone “suffering from technology-related disruption to their lungs”

  • miz [any, any]@hexbear.net
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    7 days ago

    before the Great Depression (1929-1939), the Long Depression (1873-1899) was called the Great Depression

    stand by to find out what we rename the previous Great Depression when the new Great Depression hits

    • optissima@lemmy.ml
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      7 days ago

      The World War depression or Dustbowl Depression

    • ...m...@ttrpg.network
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      7 days ago

      deleted by creator

      • ☂️-@lemmy.ml
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        7 days ago

        any minute now, i’ve been told

    • AssortedBiscuits [they/them]@hexbear.net
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      7 days ago

      Great War -> WWI

      Great Depression -> WDI

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