GE Is a Microcosm, Here's The Big Picture

Is GE the only company going through this? Let's see...

That Titan of the Tech industry, Microsoft laid off close to 10% in 2017

https://www.cnbc.com/2017/07/06/microsoft-will-layoff-thousands-of-employees.html

Another Titan, IBM trying desperately to hide layoffs by pushing out older workers, like so many companies are doing.

https://www.vox.com/2018/4/20/17261798/ibm-layoffs-retirements-older-workers-age-discrimination-claims

Howabout Banks? Surely they're doing well given our "Booming Economy" Bank Of America is one of, if not the largest bank in USA. CEO says they eliminated 100,000 jobs since 2010.

https://www.cnbc.com/2018/10/17/bank-of-america-ceo-brian-moynihan-on-cutting-100000-jobs.html

Ok, but I bet companies like Boeing, which benefit from enormous federal contracts, they're doing well right? Here's Boeing, pulling the old "a dozen here, a dozen there" trick to avoid media attention

https://www.heraldnet.com/business/cuts-continue-as-boeing-issues-more-layoff-notices/

Hey, but cars are selling like crazy right? Those automakers are doing great! Yeah, so great that GM announced 8 plant closures and 14k layoffs, but they're certainly not the only one. Now Ford is getting ready for "Mass Layoffs"

http://fortune.com/2018/10/09/ford-stock-today-layoffs-trump-trade-tariffs/

And if that wasn't enough, even the healthcare industry, that bastion of safe, secure jobs.....getting hammered.

https://www.statnews.com/2017/04/30/hospitals-layoffs-national/

Oh, and these are just the places you THOUGHT were doing great, and assumed the economy was BOOMING due to their success. Need I mention the entire retail industry in freefall? Or the fact that literally 90% of corporations, big and small, have been laying people off for over a year?

Heck, even Subway is being forced to close hundreds of restaurants, something they have never done in their history.

http://fortune.com/2018/04/25/subway-stores-closing/

The fake recovery is over, as to be expected when a "recovery" is built on nothing but money printing, loose credit, and low interest rates. Laugh all you want, but by mid 2019 you won't be laughing....

Comment! It's anonymous!

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The percentage of temp and contract workers has soared. These jobs count in the number. US has been printing for 10 years, it will end soon. If economy is so good why are rates low. Do rates drive the economy or do they follow he economy? Why does Trump get so upset when rates start to rise from historic low levels? In the 80's and 90's the economy was strong, rates were much higher then. If economy is so good, you should all feel good about your employment at GE right? When Trump took office, he claimed military underfunded/ unprepared - everyone likes a strong military. Mega billions dumped to Boeing, Ray, Lockheed, Northrup, Orbital, etc. GEAE should have got a little of this. Just another way the government has been funding our great economy. What is next?

Yeah but he has no cash flow

Unemployment is at a 60 year low. You’re a mo--n

oil too, 440,000 jobs lost between 2013-16,

https://www.rigzone.com/news/oil_gas/a/148548/more_than_440000_global_oil_gas_jobs_lost_during_downturn/

many people are still walking blindly in front of the jobs armagaddon train, completely in denial, until now we have been covering the voids with jobs and religions, now its time to face it, and religions may have survived science, but they won't survive automation!

Support UBI(Universal Basic Income) and evolve, it could unlock completely new chapter for humanity!

Thread regarding General Electric Co. layoffs

GE Is a Microcosm, Here's The Big Picture

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