A shockingly large wave of layoffs has already begun, and we are being warned that much larger layoffs are coming in the months ahead. That is very chilling to hear, because job cut announcements are already coming in so rapidly that I couldn’t possibly share them all with you. I wrote about some of the major layoffs that are happening just a few days ago, and now I have more to share. We haven’t seen anything like this since 2008, and many of you still have very painful memories of what the “Great Recession” was like. Unfortunately, America is now plunging into another severe economic downturn, and that means that there will be a tremendous amount of pain in the weeks and months to come.
Earlier today, I was stunned to learn that a new survey has found that 20 percent of business economists “expect employment at their company to fall in the coming months”…
A growing number of business economists expect companies to reduce their headcounts for the first time since the pandemic, a sign the job market is beginning to cool amid an increasingly dark economic outlook.
That’s according to a new survey published on Monday by the National Association for Business Economics, which shows that about 20% of the group’s members expect employment at their company to fall in the coming months.
Is this survey representative of the U.S. economy as a whole?
If it is, that is truly chilling.
Can you imagine what our economy would look like if about one-fifth of all U.S. companies started suddenly letting workers go all at once?
Hopefully that will not happen.
But it appears that the coming layoffs in the banking industry could be historic.
In fact, one expert is publicly warning that “the job cuts that are coming are going to be super brutal”…
Banks are set to undertake the largest wave of job cuts in 15 years amid declining revenues.
Industry watchers told the Financial Times (FT) the layoffs — expected to be in the tens of thousands — reverse a trend of widespread hiring and banks’ reticence to let go of workers during the pandemic.
“The job cuts that are coming are going to be super brutal,” Lee Thacker, owner of financial services headhunting firm Silvermine Partners, told the FT in a Saturday (Jan. 21) report.
He didn’t just say that the job losses will be “brutal”.
He said that they will be “super brutal”.
Of course many would argue that the outlook for tech industry workers is even worse.
At this point, “tens of thousands of employees” have already been laid off within just “the past few months”…
Big tech giants have laid off tens of thousands of employees over the past few months as recession fears, persistent inflation, and rising interest rates continue to weigh on earnings results. The likes of Google, Amazon, and Meta have let go of nearly 40,000 employees combined.
But Gene Munster, managing partner at the tech-focused investment and venture capital firm Deepwater Asset Management (formerly Loup Ventures), believes the worst is yet to come.
“There’s still another 15% to 20% of headcount reductions for these big tech companies in the next three to six months,” he told CNBC on Monday.
The startling layoffs that we just witnessed at Google made headlines all over the planet, because most of the experts didn’t see them coming.
Sadly, many of those that were laid off didn’t see them coming either.
Can you imagine giving 20 years of your life to Google and then getting suddenly laid off one day via email?…
A software engineer described the way he found out Google was laying him off as a “slap in the face.”
Jeremy Joslin, whose LinkedIn profile says he had worked at the tech giant since 2003, said Friday the company gave him the news over email.
“It’s hard for me to believe that after 20 years at Google I unexpectedly find out about my last day via an email,” he tweeted. “What a slap in the face. I wish I could have said goodbye to everyone face to face.”
That is cold.
But it appears that this is becoming something of a trend.
In fact, Vox just laid off 7 percent of its workforce, and those that lost their jobs were “notified through email”…
Vox Media, the publisher of news websites such as Vox and The Verge, in addition to New York magazine, will lay off 7% of its workforce, chief executive Jim Bankoff said in a Friday morning memo to staff.
Bankoff said the layoffs, which will result in about 130 people losing their roles, impacted multiple teams, including editorial. Those who had their jobs eliminated were notified through email, followed by a later meeting with a human resources officer who would discuss severance packages with them.
If you are in human resources and you are reading this, please don’t ever do something so cruel at your own company.
It may be much easier to fire people by email, but it is simply the wrong thing to do.
On Monday we also learned that Spotify will be conducting mass layoffs…
Spotify has joined a slew of other tech giants in laying off employees.
Monday’s announcement shared by CEO Daniel Ek said that impacted employees, about 6% across the company, will be notified Monday morning.
I suppose that they have to pay Joe Rogan somehow.
But it always pains me when I hear of people losing good paying employment. Sadly, for many firms one wave of layoffs will not be enough.
As we plunge into a very harsh economic environment, some companies will have to get out the axe again and again.
For example, just look at what the Winklevoss twins are doing. They just conducted their third round of layoffs within the last eight months…
Cryptocurrency exchange Gemini is slashing 10 percent of its staff – the third round of layoffs within just eight months.
The announcement was made in an internal message on Monday by founders and identical twins Cameron and Tyler Winklevoss, 41, The Information reported.
The company also cut staff in July, according to TechCrunch, just a month after it laid off 10 percent in June.
Instead of subjecting us to horrifying renditions of some of our most beloved classic songs, perhaps they should have spent more time trying to figure out how to keep their company afloat.
In any event, it turns out that the doe-eyed optimists were dead wrong and the economic realists were quite correct.
The massive economic meltdown that we have been relentlessly warned about is happening.
Hordes of American workers have already been laid off, and countless more will be laid off as 2023 rolls along.
So you may want to try to butter up your boss while you still can, because otherwise you may be one of the people that gets “laid off by email” in the months ahead.
***It is finally here! Michael’s new book entitled “End Times” is now available in paperback and for the Kindle on Amazon.***
About the Author: My name is Michael and my brand new book entitled “End Times” is now available on Amazon.com. In addition to my new book I have written six other books that are available on Amazon.com including “7 Year Apocalypse”, “Lost Prophecies Of The Future Of America”, “The Beginning Of The End”, and “Living A Life That Really Matters”. (#CommissionsEarned) When you purchase any of these books you help to support the work that I am doing, and one way that you can really help is by sending copies as gifts to family and friends. Time is short, and I need help getting these warnings into the hands of as many people as possible.
I have published thousands of articles on The Economic Collapse Blog, End Of The American Dream and The Most Important News, and the articles that I publish on those sites are republished on dozens of other prominent websites all over the globe. I always freely and happily allow others to republish my articles on their own websites, but I also ask that they include this “About the Author” section with each article. The material contained in this article is for general information purposes only, and readers should consult licensed professionals before making any legal, business, financial or health decisions.
I encourage you to follow me on social media on Facebook and Twitter, and any way that you can share these articles with others is definitely a great help. These are such troubled times, and people need hope. John 3:16 tells us about the hope that God has given us through Jesus Christ: “For God so loved the world, that he gave his only begotten Son, that whosoever believeth in him should not perish, but have everlasting life.” If you have not already done so, I strongly urge you to invite Jesus Christ to be your Lord and Savior today.
Article cross-posted from The Economic Collapse Blog.
Three Reasons a Coffee Gift Set From This Christian Company Is Perfect for Christmas
When you’re searching for a Christmas gift that’s meaningful, useful, and rooted in faith, you don’t want to settle for anything generic. This season is filled with noise — mass-produced products, last-minute picks, and trends that fade as quickly as they appear. But one gift stands apart because it blends genuine quality with a message that matters: a coffee gift set from Promised Grounds Coffee.
This small Christian-owned company has become a favorite among believers who want to support faith-driven businesses while giving friends and family something they’ll actually enjoy. Here are three reasons a Promised Grounds Coffee gift set may be the most thoughtful and impactful present you give this year.
1. It’s Truly Delicious Coffee
Too many “gift-worthy” coffees look beautiful in the package but disappoint when the cup is poured. Promised Grounds takes the opposite approach — exceptional taste first, thoughtful presentation second.
Their beans are sourced with care, roasted in small batches, and crafted to bring out a rich, smooth flavor profile that appeals to both casual drinkers and true coffee lovers. Whether someone enjoys bold, dark roasts or lighter, more delicate blends, every sip reflects quality that stands shoulder-to-shoulder with the biggest specialty brands.
Simply put: this coffee is good. Really good. Some say it’s absolutely fantastic. If you want a gift that won’t be re-gifted, ignored, or shoved in a cabinet, this is it.
2. It Spreads the Word While Serving a Real Purpose
There are many Christian gifts that are meaningful… but not exactly practical. There are also useful gifts that have nothing to do with faith. Promised Grounds Coffee bridges both worlds beautifully.
Each gift set delivers an encouraging, faith-centered message through its packaging and presentation — a simple but powerful reminder of God’s goodness during the Christmas season. The cups are especially popular and serve as a daily reminder of the blessings from our Lord. At the same time, the product itself is something people will actually use and appreciate every single day.
It’s a gift that uplifts the spirit and fills the mug. A gift that points loved ones toward Scripture while still being part of the normal rhythm of life. And in a culture that increasingly pushes faith to the margins, giving a gift that quietly but confidently honors Christ can make a deeper impact than you might expect.
3. It’s Affordable, Valuable, and Elegantly Presented
Many people want to give something meaningful without breaking their Christmas budget. Promised Grounds Coffee strikes that perfect balance — the sets look and feel premium, but the price remains accessible.
The packaging is classy, clean, and gift-ready, making it ideal for:
- Family members of all ages
- Co-workers or employees
- Church friends or small-group leaders
- Hosts, neighbors, and last-minute gift needs
It’s the kind of gift that feels more expensive than it is — and more thoughtful than most of what you’ll find on store shelves.
The Perfect Blend of Faith, Flavor, and Christmas Cheer
A coffee gift set from Promised Grounds Coffee checks every box: a gift that tastes amazing, conveys your faith, supports a Christian business, and brings daily enjoyment to the person who receives it. In a season when so many gifts are forgotten, this one stands out for all the right reasons.
If you want a Christmas present that reflects your values and delivers genuine joy, Promised Grounds Coffee is the perfect place to start.
Thanks for the information
We all been seeing what is going on, if your interested in more job cut data
Check out: DailyJobCuts
Thanks
The elites and corporations finally got what what they have been working for, a market where the workers are desperate for amy job and so they can pay lower wages and benefits while demand employees get worthless college degrees that puts them in debt, and are not required to perform 95%of jobs.
Most of those getting laid off are those who’ve been kicking America in the face for the past 4+ years. Karma’s a bitch!
Meanwhile………..my little Mom & Pop Shop (33 Years in Business) keeps on trudging on. We’ve never had to fire/lay-off anyone because it’s just us two (Mom & Pop) for 33 years. Hey, I’ve 26 more years before I retire at age 83.
Everyone else can do the economic freak-out dance……We’ve got money squirreled away (enough to last), our business debts go to zero at the end of each month, the last 2 years have been the best in 10 years. BTW: The 2008-2010 Recession SUCKED and we vowed never to let another Government-induced Economic Screw-up nearly put us out of business.
Personally our debts are just our house payment and 3 credit cards with a total of $2,000 combined and zero car payments since 2012.
Yes, an Economic $hitstorm is coming. Y’all better get ready…..it’s gonna get ugly.
All big tech employees given termination notices are white. Only the Indians are going to be working big big tech now.
The “work from home because of Covid” showed just how useless most of these employees were/are.
It’s going to be so much fun to watch these lazy euroweenies line up at the unemployment office begging for crumbs so they can continue to buy their lattes in the morning by 10 am. I don’t think Mommy and Daddy are going to be too thrilled having them back home being slackers all day. They used to get paid to be slackers. Oh, the humanity!
My business is debt free, we own all our property outright and have 35 employees 1/2 have been with us 20+ years. We did a layoff during the pandemic since the government shut down the need for our products but now we’re booming with 1/2 our competition gone. I don’t anticipate doing any layoffs during this downturn. In fact I expect to grow.
Hmmmmm. Interesting. It seems all of the career fields mentioned in this article are those that don’t actually do anything productive. They don’t manufacture anything, fix anything, install anything, grow anything or deliver anything. All those college degrees, all that money spent on them, wasted. They could have made a good living with a skilled trade, but they wanted to keep up with the Joneses.