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by dd36 2745 days ago
Two companies in two weeks have announced 10,000+ layoffs. Rumor is Ford is about to as well.
2 comments
jayess 2745 days ago
So what? Far more new jobs than that have been created.
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dd36 2745 days ago
Announcing huge layoffs is not a positive market indicator. Similar to inverted yields, massive market drops or VIX growth, it is indicative of a wind shift.
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AlexTWithBeard 2745 days ago
Interesting observation that both companies have strong unions.

It's too early to imply a reliable correlation (not even mentioning causation), but surely something to watch after...

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