MASS JOB CUTS and 7500+ Stores Closing! Global Economic FALLOUT

NO this is not bad management, bad products, bad locations. It’s various sectors, various countries. One underlying problem: Global economic slowdown.

For those who are paying attention, it’s very clear. The global economy is rapidly slowing down and the companies are laying people off. The difference between last cycle and this cycle is that robotics and automation have advanced. Once a resurgence in the economy eventually occurs, there will be much less need for employers to hire all of their former staff. This will have a long-term impact on the economy that will not be resolved by central banks.

 

Citigroup said to cut hundreds of trading jobs in a bad sign for Wall Street – BNN Bloomberg

www.bnnbloomberg.ca/citigroup-plans-to-cut-hundreds-of-trading-jobs-as-revenue-falls-1.1294056

Nordea’s 6,000 Job Cuts Not Enough as Bank Chases More Savings – BNN Bloomberg

www.bnnbloomberg.ca/nordea-s-6-000-job-cuts-not-enough-as-bank-chases-more-savings-1.1289478

HSBC poised to make fresh wave of job cuts as part of latest restructuring plans – Mirror Online

www.mirror.co.uk/money/breaking-hsbc-poised-announced-job-18813499

Barclays bosses confirm thousands of job cuts – Financial News

www.fnlondon.com/articles/barclays-bosses-confirm-thousands-of-job-cuts-20190801

Lowe’s Lays Off Thousands of Store Workers – WSJ

www.wsj.com/articles/lowes-lays-off-thousands-of-store-workers-11564680676

Uber lays off about 400 employees in marketing department reorganization – Los Angeles Times

www.latimes.com/business/technology/story/2019-07-29/uber-layoffs-marketing-jill-hazelbaker

Huawei cuts 600 jobs from its US research wing after being blacklisted | TechCrunch

techcrunch.com/2019/07/23/huawei-cuts-600-jobs-from-its-us-research-wing-after-being-blacklisted/

Nissan job cuts: 12,500 positions to go as profits collapse – CNN

www.cnn.com/2019/07/25/business/nissan-job-cuts-earnings/index.html

Ryanair CEO Says Hundreds of Jobs On The Line Over Brexit, Max – BNN Bloomberg

www.bnnbloomberg.ca/ryanair-ceo-says-hundreds-of-jobs-on-the-line-over-brexit-max-1.1295020

2019 July Job Cut Report: 38,845 Cuts in July Led by Transportation, Industrial, Energy | Challenger, Gray & Christmas, Inc.

www.challengergray.com/press/press-releases/2019-july-job-cut-report-38845-cuts-july-led-transportation-industrial-energy

Weekly US and UK Store Openings and Closures Tracker 2019, Week 30: GNC Set to Close More Stores | Coresight Research

coresight.com/research/weekly-us-and-uk-store-openings-and-closures-tracker-2019-week-30-gnc-set-to-close-more-stores/

Gauge of US manufacturing hits lowest since September 2009, raising concerns about the economy

www.cnbc.com/2019/08/01/gauge-of-us-manufacturing-hits-lowest-since-september-2009-raising-concerns-about-the-economy.html

Daily Job Cuts – Layoffs News / Job Layoffs 2019 / 2018 , Bankruptcy, Store closings, Business Economy News

www.dailyjobcuts.com/

 

 

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