#economicdownturn

I've heard the rest of the year will be bad when it comes to layoffs. We won't see a slowdown but the opposite. Can someone tell me I'm wrong? Please?

Who knows. People are anxious. At least people around me. I am more concerned about 2027 and what happens if the economy tanks due to sh-t that's happening all over the world.

BSA Health System and Bell Helicopter confirmed recent layoffs. Approximately 29 BSA staff members were affected in Amarillo. Bell Helicopter laid off about 30 employees in Amarillo. Rising costs and market realities were cited as reasons. Some Bell employees also face three-week furloughs.

Amarillo, Texas

https://amarillotribune.org/2026/06/10/approximately-60-affected-by-layoffs-at-top-amarillo-employers/

https://www.azcentral.com/story/money/business/jobs/2026/06/09/arizona-layoffs-eased-in-may-labor-market-still-mixed/90462646007/

A new Mercer study reveals 99% of surveyed CEOs anticipate AI-related job reductions. These cuts are expected within the next two years. Entry-level workers face the highest risk of displacement. Some companies like Meta and Amazon have already cited AI for recent layoffs. However, consumer AI usage remains low, and some firms find AI implementation costly.

https://finance.yahoo.com/sectors/technology/articles/99-ceos-planning-ai-layoffs-173000476.html

Bay Area tech companies continue to announce significant layoffs. Oracle, Meta, and LinkedIn are among those reducing their workforces. Despite these job cuts, recession fears remain low in the region. The current pace of layoffs is slower compared to 2022. Many laid-off tech workers quickly secure new employment opportunities.

https://www.capradio.org/articles/2026/06/08/why-bay-area-tech-layoffs-arent-raising-recession-fears-yet/

Reporter Jessica Holdman discussed South Carolina business news. A new magnet factory is planned for the Upstate region. However, some layoffs are also expected in the Upstate this summer. New tax breaks will benefit companies converting landfill methane to energy. Additionally, new taxes will be imposed on vape products.

Columbia, South Carolina

https://www.southcarolinapublicradio.org/show/south-carolina-business-review/2026-06-08/new-jobs-new-tax-laws-and-layoffs-happening-in-sc?_amp=true

why is our stock down? I must feed muh family.

https://www.travelandtourworld.com/news/article/wl5hu04k6ut6/

Dont by the BS... There’s a tiny bit of truth to it, though "tiny bit" is doing a lot of work... It gives companies as well as Amdocs a shareholderfriendly reason to cut headcount - it sounds strategic, smart, rather than alarming.

Why trim... Gestures broadly at everything... Economic uncertainty, geopolitical sh-tshow, weak consumer and customer sentiment. Also... volatile markets, copycat costcutting... the growing sense that when things eventually break (whenever that is??) companies would rather have a larger cash cushion than a smaller one (or none at all.)

A new Insuranceopedia analysis details the rising financial impact of tech layoffs. In 2026, losing a tech job costs workers an estimated $14,400 per month. This figure includes approximately $13,750 in salary and $625 for private health insurance. The monthly financial blow is 36% higher than in 2021 and 56% higher than a decade ago. Tech companies have already cut nearly 115,000 jobs this year, accelerating the industry's layoff crisis.

https://americanbazaaronline.com/2026/05/28/losing-a-tech-job-in-2026-now-costs-workers-nearly-14400-month-481700/

2026 89,900 -9.74%
2025 99,600 -5.50%
2024 105,400 -9.99%
2023 117,100 -1.10%
2022 118,400 -10.44%
2021 132,200 -2.07%
2020 135,000 -6.57%
2019 144,500 -7.01%
2018 155,400 -3.42%
2017 160,900 -9.45%

Over 7,350 layoffs have been announced across New Jersey for 2026. These job cuts are detailed in WARN notices filed with the state. Major sectors like retail, healthcare, finance, and logistics are affected. Companies such as Amazon, Blue Cross Blue Shield, and Bristol Myers Squibb are reducing staff. This wave of layoffs raises concerns about the state's economic stability.

New Jersey

https://www.shorenewsnetwork.com/has-new-jerseys-economic-bubble-burst-more-than-7300-layoffs-announced-at-major-companies/

and $$$ has to come from somewhere. things are bad right now.

We've been weighed down by margin pressure quite a bit. General population will continue to be VERY cautious given all the sh-t that's going on in the country and inte world. Plus this case of a lingering fallout from the botched Albertsons merger - it's a messed up mix of bad things. Now, I wander, how much suffering will be directed towards the employee. I hope for the better, but i am increasingly losing that hope.

I know this is a franchiser, but I think it's only a matter of time before we start feeling the heat as well. I'm already noticing a drop in foot traffic at my location. It's nothing drastic, but if the economy continues its downward spiral and tariffs continue to beat us up, we might be looking at layoffs as well.

The Rhode Island labor market has effectively stalled. This data comes from the DLT. A dual phenomenon persists in the state. Job growth has stalled. The workforce is diminishing.

https://www.bizjournals.com/rhodeisland/news/2026/05/21/ri-labor-market-stalled.html

I know the obvious answer is because of who the POTUS is. But how does the market continue to rise despite unemployment likely to hit 30-40 percent by Q1 2027

Connecticut companies announced over 2,200 layoffs in 2026. Macy's led with 993 job cuts from its Cheshire fulfillment center closure. CVS Health's Aetna unit and Talcott Resolution Life also reduced staff in Hartford. Stanley Black & Decker, IDEX Health & Science, and Guida-Seibert Dairy closed facilities. These job reductions affected various sectors across the state, totaling 2,255 positions.

https://patch.com/connecticut/across-ct/more-2-200-company-layoffs-announced-ct-2026-economic-woes-continue-bite

OpenAI failing is a mathematical certainty, what happens to Oracle as a result?

https://www.youtube.com/shorts/J2M15bD2o4g

US applications for unemployment benefits decreased last week. Filings fell by 3,000 to 209,000 for the week ending May 16. This figure is lower than analysts' forecasts. Layoffs remain historically low despite ongoing economic uncertainties. Inflation and global conflicts contribute to market instability.

https://www.telegraphherald.com/magazine-websites/biztimes/ap_wire/article_db770c85-a417-580b-b5a2-1e952919bbbc.html

Is the drop in stock price and the poor economy a matter of concern? I am worried if it will lead to more layoffs. Am I barking up the wrong tree on this one? My husband just got laid off and we have a year old daughter so I I am really worried. Anyone think or heard anything?

what will the rest of the year look like?

There are no jobs, economy is going under, the entire world is in a crisis... How is that a good time to lose your job?

Looking at 2026 and beyond….

AI making leaps and bounds, relentless offshoring, endless flood of H-1B Visas.

What is a American born man supposed to do to get ahead in life today when their either going to get laid off eventually or they already have with a jobs market that will just keep getting worse and worse with no “recovery” like we used to have in the past.

What’s going to happen to the men who have families to support and over 15+ years left on their Mortgages?

• Inflation is out of control
• American Birth rates are collapsing
• Young families are punished for having kids
• single family home prices are priced at clown world levels
• The purchasing power of the dollar is getting absolutely destroyed
• All of us who still have jobs are technically taking “yearly pay cuts” because even if you get a raise it’s sure as he-l not even keeping up with inflation.

UBI isn’t going to fix this. Alls you have to do is look back at history and see what it’s like for other countries when they live under “UBI” conditions (Cuba Today, Soviet Russia)

Late Roman Empire Vibes…

Prime Minister Narendra Modi has appealed to Indians to revive working from home, buy less gold and limit foreign travel to deal with a surge in global energy ​prices because of the continuing crisis in the Middle East.
https://www.bbc.com/news/articles/c8r8e2ne1v6o

Does anyone think building the new HQ with this economic climate is a little crazy?

I can’t help but think about how they will ultimately cut people as part of the balance sheet tight-rope act such an enormous expense will cause.

Lastly, as a Dallas native I’m worried about the economic health of the city when we leave. I know the tower isn’t the best but access to mid-day kayaking isn’t something anyone cares about.

Jobs report came out today and over 100K new jobs were created in April.

4.3 percent. That is from Reuters.

The Alamo region experienced significant job losses. Over 1,200 layoffs occurred through April. This number nearly matches last year's total. The region is seeing a rapid increase in job cuts. This trend indicates a challenging economic period.

San Antonio, Texas

https://www.bizjournals.com/sanantonio/news/2026/05/08/recession-gradual-sudden.html

U.S. employers announced 83,387 job cuts in April, a 38% increase from March. This total marks the third highest for April since 2009. Technology companies led all industries in layoff announcements, often citing AI spending as a reason. Artificial Intelligence was the top reason for job cuts for the second consecutive month. Overall hiring plans decreased significantly in April.

https://www.challengergray.com/blog/challenger-report-april-job-cuts-rise-38-from-march-ytd-cuts-down-50/

Canadian airlines face significant pressure from surging jet fuel costs. This oil shock has led to higher airfares and reduced flight capacity. Air Canada suspended six routes deemed uneconomical due to high fuel prices. The airline plans to cut its May seat capacity by nearly 20 percent. Experts warn of potential financial strain and future layoffs for carriers.

https://thelogic.co/news/analysis/air-canada-bracing-oil-price-impact/

The upcoming week features several key labor market indicators. April's employment report is expected to show a solid increase in private payrolls and a lower unemployment rate. Other data points include ISM NM-PMI, which should confirm continued economic expansion, and a strong increase in revolving consumer credit. The Q1 earnings season continues with major companies reporting results. Inflation expectations are likely to jump due to higher gasoline prices.

https://m.za.investing.com/analysis/economic-week-ahead-adp-payrolls-layoffs-jobless-claims-to-shape-outlook-200619355?ampMode=1

I'm thinking we're getting closer to the AI bubble pop, and once it happens, the layoffs will be brutal. Or am I overthinking it?

People are complaining today as if any of this is new, but it isn’t. These same patterns have played out in every generation. Different names, different systems, same cycles. Jobs change, economies shift, uncertainty comes and goes. It happens throughout the lives of every generation. What changes is not the pattern itself, but how aware people are of it, and how they respond when it shows up again.

Follow the narrow path that leads to life.

March 2026 marked the worst month for tech layoffs in two years. Tech firms globally dismissed around 38,000 employees that month. Overall, 92,272 tech workers were laid off between January 1 and April 20. Oracle alone accounted for 30,000 of these job cuts. Meta also reduced its workforce by 200 employees.

https://www.gadgets360.com/ai/news/tech-companies-layoffs-worst-month-2026-report-11424428

I would have been out of this place a year ago. But no luck so far. How many others are stuck just because they can't find anything else right now?

My son graduated last year with good grades and two internships. He can't get a single interview for entry level roles. Every job he applies for has hundreds of applicants. My guess is half of them are people who were laid off from senior roles including from here and are just trying to get anything. It's just very, very bleak right now.

Microsoft Offers BuyOut and Plans more layoff after that
Meta plans layoff.
Market in total chaos. Holding to the current position.