Is the end nigh?

[Gomez Adams]

Disney joins the group.

https://www.cnn.com/2023/02/08/business/disney-earnings/index.html

 

[Zeedox]

I just saw this and was coming to post. All streaming side employees.

 

[Gomez Adams]

The tech industry is in big trouble. And that's a big problem because most of the people coming out of college trained for tech jobs. Biden is going to wish he hadn't harped on that January jobs report as much as he did three months from now. It's going to blow up in his face.

 

[Gomez Adams]

So the bank everybody uses to hide money is going broke.

Credit Suisse posts massive annual loss, CEO describes results as 'completely unacceptable'

Credit Suisse on Thursday reported a fourth-quarter net loss of 1.4 billion Swiss francs, as it carried out its strategic overhaul.

www.cnbc.com

Because they all started using Crypto. And of course Crypto has had several of it's biggest players (read as money laundering operations) go bankrupt.

 

[Zeedox]

Crypto is shit for one basic reason....usually a large amount is held by very few people who can then easily manipulate their market.

 

[Gomez Adams]

Yahoo gets on board axing 20% of its workers.

Yahoo to lay off 20% of staff by year-end, beginning this week

Yahoo will lay off more than 20% of staff, or around 1,600 workers, with the company's Yahoo for Business being slashed in half, the company said.

www.google.com

 

[Gomez Adams]

Just got back from a Costco run. $315.00. Two years ago, that typical run was $195.00 to $210.00.

It's simply staggering.

And apparently, nobody cares.

 

[Zeedox]

It's the same up here.

 

[Gomez Adams]

https://www.cnn.com/2023/03/01/homes/mortgage-applications-march-1/index.html

 

[Gomez Adams]

Another one bites the dust.

https://www.cnn.com/2023/03/08/business/silvergate-winds-down-crypto/index.html

 

[Gomez Adams]

And now General Motors is asking people to quit for cash.

https://www.cnn.com/2023/03/09/business/gm-layoffs/index.html

 

[Zeedox]

And now General Motors is asking people to quit for cash.

https://www.cnn.com/2023/03/09/business/gm-layoffs/index.html

The voluntary separation program will be offered to all US salaried employees with at least five years of service and global executives that have been with the company for at least two years, a GM spokesperson told CNN. In a statement, the company said that employees are “strongly encouraged to consider” the program.

My gawd all those senior executives!