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Showing posts with the label Massive Layoffs Coming

Massive Layoffs Coming

I don't usually use any NBC news stations for information. However, I am making an exception for this because I have seen this story everywhere. There are a number of future layoffs coming our way. I say our way because you know as well as I do, we are the ones who get laid off. The management rarely ever get laid off. Only if a company is closing altogether. John Deere starts reducing the products they were producing for next year. How these layoffs will affect us is this; The cost of say, HP laptop may go up to compensate the shortage of workers to make them. The UAW (United Auto Workers) strike against GM will cause the cost of parts to be in a shortage and what you can get will be expensive. Also, vehicles will be expensive. Well, more so than usual. The main thing is the Deutsche Bank in Germany is laying off about 20% of its staff to restructure their company. This is one of the biggest banks in the IMF system (International Monetary Fund). If they are struggling, then you n...