That's on top of major layoffs already announced or reported in the press at Wells Fargo, Goldman Sachs, Salesforce (CRM), Allstate (ALL) and CNN owner...
https://www.cnn.com/2020/10/30/business/jobs-white-collar-layoffs/index.html
2 replies (most recent on top)
This economic crisis is only just beginning. The economy this year has just been floating on imaginary Fed money, stimulus hopes, and magic pixie dust propping up asset prices and home values. We’re not going back to normal for a long long time (think ten years) and it’s going to look very different at the other end of this.
What's comical is how everyone is deliberately putting the blinders on, pretending this downturn will be temporary or is only happening at their company.'
Truly a historic example of willful ignorance.