The Layoffs Just Got Worse | DO THIS NOW
Published: 2023-01-23
Status:
Available
|
Analyzed
Published: 2023-01-23
Status:
Available
|
Analyzed
Predictions from this Video
Incorrect: 0
Prediction
Topic
Status
Significant number of companies are laying off employees in early 2023.
"we are just one month into 2023 and it is mind-blowing how many companies are starting to let people go"
Pending
Google to lay off 12,000 employees (6% of workforce).
"Google is cutting six percent of their Workforce or twelve thousand people"
Pending
Vox Media (owner of The Verge and New York Times) to lay off 7% of its workforce.
"VOX media which operates the Verge and the New York Times is laying off seven percent of their Workforce"
Pending
BlackRock to lay off 3% of its workforce.
"BlackRock which is the world's biggest asset manager is letting go of three percent of its Workforce"
Pending
Goldman Sachs to lay off 3,200 employees, primarily from trading and banking.
"Goldman Sachs a massive Bank just announced they're letting go of 3 200 people mostly from their trading and banking departments"
Pending
McDonald's to begin laying off corporate employees.
"McDonald's just announced they're gonna start laying off some of their corporate employees"
Pending
Stitch Fix to lay off 20% of its employees and its CEO.
"Stitch fix which is an online retail clothing store is cutting its CEO and 20 percent of their employees"
Pending
Salesforce to lay off 8,000 employees.
"Salesforce a massive software company is cutting back 10 or 8 000 of their staff"
Pending
Amazon plans to cut 18,000 jobs in the current year, primarily from HR.
"Amazon is planning to cut 18 000 jobs this year at least mostly from the HR department"
Pending
Approximately 60,000 people laid off across 173 companies in 2023 (as of early January).
"so far it shows us that in 2023 roughly 60 000 people have been let go from across 173 companies"
Pending
In 2022, approximately 159,000 people were laid off across 1,035 companies.
"last year in all of 2022 roughly 159 000 people were let go across 1035 companies"
Pending
An average of 1.4 million people are laid off each month.
"roughly 1.4 million people are let go every single month on average"
Pending
Approximately 4 million people voluntarily quit their jobs each month.
"about 4 million people choose to quit their job voluntarily every single month"
Pending
Roughly 6 million jobs are added to the economy each month on average.
"we also add roughly 6 million jobs back to the economy every single month on average"
Pending
In a recession like 2008, the median time to find a new job was 20 weeks (5 months).
"the median amount of time in a recession like again the one we had in 2008 was 20 weeks or about five months time"
Pending
In the current labor market, the median time to find a new job is 9 weeks (just over 2 months).
"in today's strong labor market the median amount of time is nine weeks so about half or a little over two months time before you can find a new job"
Pending
Prediction that inflation would remain high and interest rates would increase to combat it.
"inflation would stay high and that interest rates would have to go up to fight it"
Pending
There is a risk that the central bank's interest rate hikes could excessively slow down the economy.
"if the central bank and papa pal over correct by increasing their interest rates too much could push the economy over the edge and slow us down way too much"
Pending
Further interest rate hikes could significantly worsen the economic situation.
"if we get another couple interest rate hikes that these economy doesn't like then things could get a lot worse"
Pending