Thread regarding Lowe's Cos. layoffs

Here's Reality, and it ain't pretty

Sorry, but this is reality. Not just Lowe's where people are losing jobs, not by far. Here's a sample of closures, job losses, and the like from only the past few weeks or so.

Merck SLashes 500 Jobs, J&J lays off 300
https://www.inquirer.com/business/merck-layoffs-lansdale-north-wales-reduction-in-force-pharmaceuticals-20191017.html

Wework Lays off 2000
https://finance.yahoo.com/video/wework-uber-major-layoffs-150305967.html

Amazon Delivery Company, "Letter Ride" lays off 900.
So much for blaming Amazon for all the retail closures.
https://www.freightwaves.com/news/amazon-delivery-partner-cuts-more-than-400-jobs-in-texas

Texas Health Lays off 741
https://www.beckershospitalreview.com/hospital-management-administration/texas-health-system-to-lay-off-741-employees.html

Haliburton cuts 650(And this has been going on for years already)
https://www.yahoo.com/news/halliburton-cuts-178-employees-colorado-155652542.html

HSBC Slashes 10,000 MORE jobs. After cutting thousands and thousands already
https://www.zerohedge.com/markets/hsbc-slash-10000-more-jobs-ax-falls-project-oak

Freightliner lays off 900
https://www.wsoctv.com/news/local/freightliner-production-plants-to-lay-off-about-900-workers-in-n-carolina/992079756

Forever 21 Declares Bankruptcy. closes 178 stores
https://www.al.com/news/2019/09/forever-21-bankrupt-closing-178-stores.html

Bed Bath and Beyond, 60 More store closures.
https://www.foxbusiness.com/retail/bed-bath-beyond-increases-projected-store-closings

Stevens Tanker in Texas closes. 586 jobs lost
https://www.freightwaves.com/news/stevens-tanker-division-closes-and-eliminates-586-jobs-across-texas

Sears and Kmart close another 120 stores
https://www.msn.com/en-us/money/companies/sears-and-kmart-to-close-more-than-120-stores-by-january/ar-AAILQm2

Hamilton Beach closing all its 160 stores
https://www.marketwatch.com/story/all-kitchen-collection-stores-will-close-by-the-end-of-2019-2019-10-15

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Post ID: @OP+11zrUStN

3 replies (most recent on top)

instead of share buybacks to make the ultra wealthy a little more wealthy...how about investing the corporate tax laws savings back into their businesses so they can become a bit more recession proof ;-)

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Post ID: @1guj+11zrUStN

We’re headed into a Recession!!!

It will hit by 2nd quarter of 2020. Wall Street’s high is coming to an end again.

Unfortunately it will impact we troops in the field as Marvin & Little Joe will cut more jobs out of desperation.

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Post ID: @1bnm+11zrUStN

Please only use the sharing functionality at the top of the article. These stories are exclusive to our members. Email bi-prime@businessinsider.com to buy additional rights. More information on BI Prime can be found here.

Read more at: https://www.businessinsider.com/why-oracle-hiring-2000-cloud-division-layoffs-2019-10

Oracle is hiring 2,000 people for its cloud business after laying off untold thousands earlier this year, and an insider explains why it's a smart strategy

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Post ID: @iip+11zrUStN

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