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 need to be worried. They are one of the top banks that lends money to large companies like Pepsi Co so they can operate in Europe, Asia and America. Of course, in America companies like Pepsi Co get government subsidies they don't need.
Many stores like Kroger, Meijer, and Wal-Mart have expanded out to curbside services like Wal-Mart Pick Up along with services like Kroger Home Delivery services with self-checkout. The cost has taken its toll. The warehouses are becoming automated which means robots are pulling inventory and packing stuff to be shipped to our homes. This is why we can't get items like eggs delivered to our homes. We have to use curbside services for that. I can't believe we have gotten so lazy that we can even do our own grocery shopping.
Article List
BUSINESS NEWS
LAYOFFS
Deutsche Bank is cutting 18,000 jobs as it restructures. Here are 29 signs that your company could be next.
https://www.businessinsider.com/signs-your-company-is-conducting-mass-layoffs-2015-10
The short but destructive history of mass layoffs
https://qz.com/work/1663731/mass-layoffs-a-history-of-cost-cuts-and-psychological-tolls/
PC maker HP to cut up to 9,000 jobs in restructuring push
https://www.cnbc.com/2019/10/04/pc-maker-hp-to-cut-up-to-9000-jobs-in-restructuring-push.html
UPDATE 2-Deere to lay off 163 U.S. workers as trade war dents equipment demand
Kroger to layoff several store employees
https://www.cnbc.com/2019/10/02/reuters-america-kroger-to-layoff-several-store-employees.html
UPDATE 1-Fed should keep cutting rates despite jobs number - U.S. trade adviser Navarro
Kroger to layoff several store employees
https://www.cnbc.com/2019/10/02/reuters-america-kroger-to-layoff-several-store-employees.html
