Posted BY: Teresa | NWoReport
(Natural News) Just as we predicted last year, a wave of layoffs has already begun in early 2023 with large workforce reductions announced across crypto, finance, real estate, transportation, and Big Tech.
Just today, crypto exchange giant Coinbase announced it’s cutting 20% of its workforce (about 950 positions) due to the FTX fallout that’s already ensnaring Gemini and DCG.
Goldman Sachs just slashed 3,200 jobs this week, according to CNBC, and Michael Snyder from The Economic Collapse Blog is reporting large job cuts across companies like Amazon, Vimeo, Salesforce, Silvergate Capital, Biocept, and others.
McDonald’s, meanwhile, says it’s going to slash a whopping 200,000 worldwide jobs from its corporate staff, tightening its operations as we head into an economic environment in which fewer consumers can even afford Chicken McNuggets.
Coming next month, Stellantis will close its Illinois auto factory, slashing 1,350 workers and likely shifting its operations to Mexico. The reason for the shutdown? The high cost of manufacturing electric vehicles. Via FreightWaves.com:
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“Our industry has been adversely affected by a multitude of factors like the ongoing COVID-19 pandemic and the global microchip shortage, but the most impactful challenge is the increasing cost related to the electrification of the automotive market,” Stellantis spokeswoman Jodi Tinson said in an email to FreightWaves.
There are also huge job losses in the transportation sector as demand for consumer goods plummets. FreightWaves.com has tracked some of the trucking bankruptcies in 2022, shown in the following infographic. Some of the large trucking companies to go belly-up include UFI Transportation, LandAir, Marvin Keller Trucking and Matheson Postal Services, which employed 383 drivers all by itself.