Business, Economics, and Taxes: Capitalism. Yay? >=(

[Kepler]

Elmo sad.

[Handyman]

Ding ding ding. My former place is cutting raises and bonuses but do you think they will short the top execs? Lolol

Yeah I saw them on the list of companies with ridiculous profits laying people off.

And Jim I love how powerful unions are under Biden. Listening to the UAW go on Faux and rio Trump to high heaven was better than drugs!

[Deutsche Gopher Fan]

How many of these companies (and I am asking this honestly) that are laying people off are paying their executives massive salaries and bonuses?

Ding ding ding. My former place is cutting raises and bonuses but do you think they will short the top execs? Lolol

[Jimjamesak]

How many of these companies (and I am asking this honestly) that are laying people off are paying their executives massive salaries and bonuses?

Well, UPS won’t be laying off too many union employees I can tell you that.

[Handyman]

How many of these companies (and I am asking this honestly) that are laying people off are paying their executives massive salaries and bonuses?

[Deutsche Gopher Fan]

PayPal now cutting 9% of staff.

[Deutsche Gopher Fan]

Likely going to be cuts in management and specialist positions. Probably some people taking early retirement and not having their positions filled, stuff like that.

Pretty normal stuff then. Not that it means it’sall necessary and not mba greed.

I know some of the cuts happening are post acquisition - like Microsoft- so again, normal. And some of these places simply over hired when money was free.

[Jimjamesak]

UPS announces 12k layoffs as “package volume slipped last quarter”

Wonder if these are full timers or part timers

end of the cnbc article then drops the tidbit “ceo expects to ask workers to return to office full time in 2024”

https://www.cnbc.com/amp/2024/01/30/...k-tumbles.html

I know the economy is humming along but there have been quite a few publicized layoffs this January. Likely a lot of different reasons for this, but I continue to see more and more white collar people unable to get a job quickly (myself included). A few analysts I follow have begun to talk about the white collar job market softness

Likely going to be cuts in management and specialist positions. Probably some people taking early retirement and not having their positions filled, stuff like that.

[Drew S.]

UPS announces 12k layoffs as “package volume slipped last quarter”

Wonder if these are full timers or part timers

end of the cnbc article then drops the tidbit “ceo expects to ask workers to return to office full time in 2024”

https://www.cnbc.com/amp/2024/01/30/...k-tumbles.html

I know the economy is humming along but there have been quite a few publicized layoffs this January. Likely a lot of different reasons for this, but I continue to see more and more white collar people unable to get a job quickly (myself included). A few analysts I follow have begun to talk about the white collar job market softness

I’m going to sound like a shill for companies but I do think a lot of them are getting killed with interest expense and it probably limits what they can/want to spend on comp. I wonder as well if some companies have figured out that paying say $150k for a role doesn’t get you any better performance than if you pay $100k. I think it will get tougher before it gets easier for white collar folks.

[Deutsche Gopher Fan]

UPS announces 12k layoffs as “package volume slipped last quarter”

Wonder if these are full timers or part timers

end of the cnbc article then drops the tidbit “ceo expects to ask workers to return to office full time in 2024”

https://www.cnbc.com/amp/2024/01/30/...k-tumbles.html

I know the economy is humming along but there have been quite a few publicized layoffs this January. Likely a lot of different reasons for this, but I continue to see more and more white collar people unable to get a job quickly (myself included). A few analysts I follow have begun to talk about the white collar job market softness

[Handyman]

So there were several explicit AI images of Taylor Swift posted online, and she is not happy.
Neither are her fans, who mass flagged the pictures.

https://www.google.com/amp/s/www.nbc...amp/rcna135913

Knowing that Swifties could spell the end of the Republican Party and Silicon Valley Tech Bros... refreshing.

One dude openly flaunted he wasn't afraid and got doxxed so badly he had to go private on all accounts and was almost crying about how strong the Swifties are.

[Kepler]

Nice.

[aparch]

If Taylor gets custody of Twitter that would be amazing.

[MissThundercat]

So there were several explicit AI images of Taylor Swift posted online, and she is not happy.
Neither are her fans, who mass flagged the pictures.

https://www.google.com/amp/s/www.nbc...amp/rcna135913

Knowing that Swifties could spell the end of the Republican Party and Silicon Valley Tech Bros... refreshing.

[WisconsinWildcard]

I saw an F5...not something I want to repeat.

https://en.wikipedia.org/wiki/1996_O...rnado_outbreak