Thread regarding Dell Inc. layoffs

US layoffs reach highest since last March

"U.S. layoff announcements rose 3% last month to the highest level in 11 months as automation-related restructuring continues to take a toll, a report released on Thursday said.

Job cut announcements reached 84,638 in February - the highest since last March - from 82,307 in January, outplacement firm Challenger, Gray & Christmas said. It was the highest total for the month of February since 2009, although on a year-to-date basis cuts so far in 2024 are down 7.6% from the same period last year."

https://www.reuters.com/markets/us/us-layoffs-reach-highest-since-last-march-2024-03-07/

by Anonymous
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Post ID: @OP+1rrh6sAM
Comment! It's anonymous!

7 replies (most recent on top)

Is this that dude that posts news article links on the IBM layoff page all day?

https://www.thelayoff.com/international-business-machines

by Anonymous
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Post ID: @1hfv+1rrh6sAM

The weekly layoff predictions here have run out of steam and now the clowns are moving onto economic forecasts.

by Anonymous
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Post ID: @vou+1rrh6sAM

The stock market is way overinflated PE’s way too high. Remember the Y2K bo-m and huge tech crash followed AI has same vibe bunch over hype. They’ll be stock market crash before end of year with more layoffs.

by Anonymous
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Post ID: @xbg+1rrh6sAM

Most folks I know laid off last year are still looking for jobs, too. So bleak out there right now. Businesses are doing fine but the cuts keep coming due to pure corporate greed. Id--ts at the C level thinking AI can just magically run their businesses for them while their businesses rot from the inside out.

by Anonymous
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Post ID: @juh+1rrh6sAM

"When the Bassel III..."

right the ole Bassel II was a ki-ler. Can't even imagine Bassel III.
snickers.

by Anonymous
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Post ID: @uld+1rrh6sAM

When the Bassel III comes alive and Consumers go Broke, many more will be laid off. Be cautious

by Anonymous
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Post ID: @lek+1rrh6sAM

"far in 2024 are down 7.6%"

So actually better than last year. Most are predicting turnaround by 2nd half of 2024. Even Dell is optimistic since last earnings.

Dell is strong arming the RTO only to find themselves likely with a massive employee drain by end of year.

The upcoming remote selection is going to be in the 40-50% range easily. There is no upside to being hybrid unless you are a near retirement. Ironically those are the ones dell wants to get rid of.

by Anonymous
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Post ID: @xaf+1rrh6sAM

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