GM, Ford, Harley, Wells Fargo, and Nationwide. Why are all these companies laying off more than 1,000 people if the economy 'so great'?
Companies from different industries.
Source: http://www.dailyjobcuts.com/
Probably for different reasons.
For instance, Wells Fargo screwed their customers
This whole economy is a sham and it is starting to unravel.
The tax cuts were a sugar rush, like virtually all economists that were not on the GOP payroll said it was.
And Trump is not helping with his trade wars and constant destabilizing rhetoric.
Please feel free to continue pointing out that we don't need thousands more workers right now. Nor do we need thousands more welfare dependents. You're a good boy, yes you are!
But but Trump said said it was…
These companies are on the losing end in a competitive market. And, laid off workers can easily get new jobs. It's no biggie.
There are different reasons, some maybe financial mismanagement. It happens especially in large corporations.
Economics is cyclical. Every college in the world will teach you that.
Because in capitalism, profits are considered more important than workers - and sacking a quarter of your workforce is more "profitable" than reducing everybody's working-week by 25 %
- Why don't car companies remake some of their classic car models if people like them so much? Of course safety is in mind because everyone would freak out if they didn't have a seat belt and air bags in every inch of the car, but why can't some of the companies just remake their best selling car models? Dodge could remake their 1948 Sedan and Ford could remake their 1949 Custom. I could list more but I can't think of any more classics.
- Ford 'll cut many 1,000 jobs by 2021.Ford says it has further 13,000 UK workers.Are these jobs at risk in no deal brexit? B in deal brexit? Ford 'll cut many 1,000 jobs by 2021.Ford says it has further 13,000 UK workers. Are these jobs at risk in no deal brexit? B in deal brexit?
- Do you think that any of the 7,000 who lost their white-collar jobs at Ford believe Trump when he talks about the economy and jobs? Ford cutting 7,000 white-collar jobshttps://www.cbsnews.com/news/ford-layoffs-cutting-7000-white-collar-jobs-05-20-2019/
- Are you happy Trump is keeping American jobs here? Oops, except Ford jobs and Harley Davidson jobs. How come Harley Davidson is moving jobs? To Thailand when Trump bragged about being able to keep jobs here? Could it be that Trump is full of hot air just like every other politician?