Morgan Stanley was also planning a fresh round of layoffs. Those announcements follow similar ones made by Goldman Sachs in September and Deutsche Bank in October.
“We are looking at making sure that our resources are deployed on those projects, those initiatives, those services that really add the most value for our business,” J&J CFO Joseph Wolk told Reuters. “I do think we’re kind of at the start — we’ve just come out of the last two years being the lowest period for layoffs in American history,” Challenger added. “We were in such severe labor shortage, and now with the Fed raising rates, that affects all industries.”
Amazon could start by not paying Andrew Jassy $202 million a year. CEO's are grossly overpaid. What exactly do they do, other than do book deals and paid meet and greets?
But wait, what happened to the HUGE job growth that was exalted by Biden? Yes. Jobs returned after the shakedown I mean shutdown. But growth? Pfffffttt. Reality is you’re seeing a recession folks.
Too heavy anyway 🤷🏻♀️
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Source: CNBC - 🏆 12. / 72 Read more »