Permanent dismissal is imminent, and it will only get worse


Permanent job loss

The new layoffs will be permanent.

GM Resorts International and Stanley Black And Decker Inc. Recently some employees were told at the start of a coronavirus epidemic that they would not be put back on the payroll. And Yelp Inc. And companies, including Cheesecake Factory Inc., are cutting back on bringing in most furlough workers as they adjust to the new reality that many coronavirus-related closures will not be resolved this fall.

More fresh layoffs on larger employer looms. Salesforce.com Inc. One day after the record quarterly sales of No, the business software software company notified its 1,000 work employees that 1,000 would lose their jobs by the end of this year. Coca-Cola Co. On Friday, it said it plans to lay off some employees and give voluntary buyouts to about 4,000 employees in the US, including Puerto Rico as well as Canada. American Airlines Group Inc. And United Airlines Holdings Inc. says more than 53,000 workers could be affected in about a month if the airlines do not receive another round of funding from the government.

Layoff announcements in the past month

Those are the new announcements in the last month with scattering in September and October October.

It does not reflect the effective March to July ads in September or October.

In March, airlines received 25 25 billion to stop scattering during September so beware of repeat announcements.

But Delta plans to lay off 2,000 and it’s not on the list above. That’s not united.

On July 8, United Airlines has warned of 36,000 layoffs. That’s about half of its US staff.

The October airline has threatened Leoffs

The Delta Declaration is for pilots only and has over 1,800 early retirement acceptances.

Take note of the aloe Delta Air Lines said it was overly concealed even though 17,000 employees were buying out and retiring early.

At the very least we are talking about the reduction of about 100,000 jobs of direct airlines.

The catastrophic consumer financial cliff is coming right

Real Expense vs. Income Month for July 2020

Jobs are being cut as soon as the epidemic ends. As a result, a The catastrophic consumer financial cliff is coming right.

Mish