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The recruitment firm Challenger, Gray & Christmas has added a crucial bit of insight and one big number: 1.1 million. That’s how many layoffs have been announced year to date, only the sixth time since 1993 that threshold has been breached. You have to go back to 2009 to find a year with greater layoffs, and that was in the very depths of the Great Recession.

Technology remains the hardest-hit private sector industry, with more than 150,000 job cuts announced so far this year as firms continue to reset headcount after the boom years while they increasingly lean into automation.

Specifically, U.S.-based employers announced 1,170,821 job cuts in the first 11 months of 2025, up 54% from the same period in 2024. That makes 2025 one of only six years since 1993 in which announced layoffs through November have topped 1.1 million.

Hiring plans are not offsetting the damage. Through November, per the Challenger report, employers have announced 497,151 planned hires, down 35% from the same point last year and the lowest year-to-date total since 2010.

Earnings reports increasingly reveal, as many executives call it, a “bifurcated” or “K-shaped” economy, used to describe the different trajectories of rich and poor. The wealthier cohort is spending freely, with the upper 10% accounting for nearly 50% of consumer spending (and absorbing elevated costs passed through from tariffs), while the lower-income consumer shows increasing signs of strain.

Analysts at both Goldman Sachs and Bank of America Research have noted that this recovery is a financial one, reflected in stock prices and soaring profits—and increasingly in fewer workers required in white-collar positions. The era of “jobless growth” and process over people is emerging into view, thanks to the forever layoff.

https://fortune.com/2025/12/09/forever-layoffs-job-security-k-shaped-economy-white-collar-recession-challenger-glassdoor/
>>
GOLDEN AGE
>>
>>1463632
Golden age for the top 1%. Gilded age really.

Its incredible that Trump is ignoring the mountain of evidence that 99% of the people are struggling. I've witnessed several Trump supporters turning in him because of it. He has done nothing to whip congress into doing something about addressing the economic problems.

Things are getting worse and worse. Why does he continue to ignore the writing on the wall???
>>
>>1463631
Ok but GDP and the stock market are at all time highs
>>
>>1463641
I'm old enough to remember this April when the market tanked and all miga posters were saying that it was good because it only hurt the rich
>>
>>1463642
You're a retarded cultist making up shit. I'm a Trump voter and I bought during that dip and I'm up $22k since then you stupid fuck hahahahahah
>>
>>1463645
22k?,
You rich!
Wanna buy something?
>>
>>1463652
$22k in less than one year doing absolutely nothing is great, I know that you're a loser with nothing so you gotta cope some how
>>
>>1463641
lmao >>1463382
>>
>>1463661
The population is significantly higher than it was in 2009 and every holiday season there are millions of seasonal workers. You fuckin faggots have been desperately trying this "Its all going to collapse soon" since January now lmao
>>
>>1463663
Anon look at a calendar. The seasonal workers haven't been fired yet.
>You fuckin faggots have been desperately trying this "Its all going to collapse soon" since January
It collapsed over the summer. Look at the value of the dollar. Also it keeps collapsing like a house of cards 10 miles high.
>>
>>1463663
https://www.nytimes.com/2025/12/08/us/politics/trump-farmers-aid-bailout.html
>>
>>1463641
>i'll you you $20,000 to eat that pile of bull crap
>done, and you know what, I'll pay *you* $20,000 to eat that other pile of bull crap
>sold!
>...
>i'm feeling pretty sick. we both ate crap and neither of us is any richer
>you're missing the bigger picture, we increased the gdp by $40,000 and created two jobs!
>>
>>1463641
Which is most beneficial for the asset class, ie the upper 10%. Which we've seen get richer while the remaining 90% of us get poorer.

Its the wealth gap.
>>
>>1463638
trump has only gave a shit about the rich. Obama's economy was able to tank some of trump's bullshit so the pain wasn't as bad during trump's first installation as president, but since Biden couldn't repair the damage, we're seeing the full blunt of conservative economic policies like trickle down economics.

This will be the ultimate test of trump's gaslighting and the conservatively biased media's control over the public to claim we aren't in a recession and the working Americans are getting fucked hard by his policies
>>
>>1463672
More talk. Plus this helps corporate farms more than it helps the actual workers.

Trump has promised; tariff refund checks, $2000 refund checks, and now a farm bailout. None of these things have moved beyond daydreams. Congress has even said they aren't interested in passing any refunds or aid to Americans.
>>
>>1463791
> trump has only gave a shit about the rich.

Yup and lots of his former voters are getting upset about that, not to mention giving billions to Israel.
>>
>>1463812
>Former
They'll vote for him again or whoever the republican is because of culture war bait.
You can still seem them crying about 'woke' even though they claimed it was defeated. Truly textbook fascism where the enemy is simultaneously weak and strong.
>>
>>1463815
I've meet a few that have already turned.

Thing is the economy is actually really shitty at the moment and everyone in the 90% group is feeling the pinch. This is far more motivating than culture war jargon, as Trump is currently finding out.
>>
>>1463823
I don’t think Trump cares. Barring an impeachment he will just do whatever the fuck he wants knowing his kids and friends will benefit because he’s not going to run again. He’s capitalizing on keeping his base outraged and is profiting on it
>>
>>1463824
He keeps having press conferences addressing the economy for past couple weeks. He cares. Keep calling it "Trumps Recession" and you'll see how much he cares.

Now if he has the ability to fix the problem is an entirely different issue. But he'll care so long as his ego is on the line.
>>
>>1463826
This is the big reason trump was sucking Mamdani's dick after pushing the most racist and bigoted smears against him during the election.
Mamdani ran on affordability and helping the common man and won against the right wing corporate uni-party,
trump is trying to get in on that even if his policies are the total opposite of what Mandani stands for.
>>
>>1463828
Makes sense. Trump won on saying he'd make things more affordable. His lies are beginning to bit him in the ass.

If he doesn't want to face the wrath of the American public, and the possible criminal charges for all the things he's guilty of, he'd better make sure he delivers.

So far he hasn't and the consequences will be unpleasant.
>>
>>1463642
Because a cult believes insane lies to support their cultish behavior
>>
>>1463638
>He has done nothing to whip congress into doing something about addressing the economic problems.
I'm sorry, you're expecting Republicans to redistribute wealth? The rich getting richer and the poor getting poorer is the system working as intended.

The only economic tool Republicans have is cutting taxes which helps the poorest the least and increases inflation.
>>
>>1463828
>sucking Mamdani's dick
Quote out of context incoming I can feel it.
Just release that quote out of context. I know you need to.
>>
>>1463963
>The only economic tool Republicans have is cutting taxes which helps the poorest the least and increases inflation.
Pay tell, faggot, how does cutting taxes increase inflation? Explain in intimate detail the mechanism involved.
>>
I'm in the top 5% of earners and I'm doing great. My stonks are on fire and I always get fat tax returns
>>
>>1464008
>>>/biz/
>>
>>1463991
>Pay tell, faggot, how does cutting taxes increase inflation?
>Cutting taxes means the government has to print more money to cover government spending
>Which increases the amount of available cash in the economy
>Which reduces the value of that cash
This is economics 101. No, actually this is high school econ. Taxation is deflationary except where the tax is on economic activity itself (at which point the tax becomes part of the price of a good or service and the inflation artificially offsets the deflation from the removal of the cash). It's literally the government removing money from circulation in the economy.
>>
>>1463631
my company is hiring laid off people.
Ive heard the interviews are quite grim; they are going out for another round after rejecting an entire batch.

The US workforce is a defeated institution.
>>
>>1463638
>Its incredible that Trump is ignoring the mountain of evidence that 99% of the people are struggling.
Its incredible that you think he cares. Do you know his toilet is made of gold?
> I've witnessed several Trump supporters turning in him because of it.
When was the last time the masses held someone accountable, correctly?
> Things are getting worse and worse. Why does he continue to ignore the writing on the wall???
what exactly do you think is going to happen? Why should Trump GAF?

FYI, everything you said applied to Biden. And in 4 years when a Democrat is in, you'll say it again about the new guy.
>>
>Why should Trump GAF?
After the midterms, thus he'll no longer have any power & is reduced to being lame duck a l'orange, he'll be more than forced to realize he should have never given a single flying fuck about billionaires in the first place and instead given non-billionaire people first priority in all things.
I've noticed that those who so much as think otherwise are those who say they want things to be as they were in the 1950s. Well, considering how the top rate of tax then was 91%, I couldn't agree more. Along with a president who said this:
'If a political party does not have its foundation in the determination to advance a cause that is right and moral, then it is not a political party; it is merely a conspiracy to seize power'
>Those who gain power are afraid to lose it
And not just an orange Darth Sidious.
>>
>>1464023
After the midterms Democrats will take back power.
Democrats do not give a fuck about the working class & will do nothing. Things will continue to get worse; as they have for the last 20 years.
Trump will then be back to the position he wants to be in: having no responsibility & being able to complain about everything.

Again, why should he give a fuck?
>>
>>1463631
>Companies sack 1.1 million workers through November
Yeah but, like, the libs are being owned right?
>>
>After the midterms Democrats will take back power.
>Republicans will never give a fuck about the working class & will do nothing. Things will only get better; compared to this year
>Trump will then be back to the position he was in: having no responsibility & being able to complain about everything. Only this time, with no political power whatsoever
ftfy
>>
>>1464028
>Things will only get better; compared to this year
From Obama to Trump, things got worse.
From Trump to Biden, things got worse.
From Biden to Trump, things got worse.

I'd say keep sniffing that hopium, but the truth is you are being paid to lie. Get fucked.
>>
>>1464029
Obama's economy is objectively better than Trump's and Biden had to deal with a pandemic, yet still managed to avoid recession whereas Trump fucking own goaled himself into it because of his tariff delusion.

If Trump hadn't touched Biden's economy, we'd be in a better place than we are now.
>>
>but the truth is you are being paid to lie
So-called 'Truth' is lies. Sane people only accept objective facts. Fact: Trump is officially the worst president in US history
>you are being paid
Schadenfreude is more valuable than any mere 'payment'. Watching the financial & psychological harm done - oh wait, it's already happening - to MAGAts will be the joy experienced by those who weren't conned by an orange PT Barnum. Those who were have already been fucked. Good
>>
>>1463991
>>1464018
Also it's pray tell, you uneducated fucking child.
>>
>>1464033
Blah blah democrats like to watch the People suffer, we know.
>>
>>1464029
You think that Obama to Trump was worse?
I bought my first home. I rolled around in cash.
It was an absolute golden 4 years.
Then some stupid fuckers convinced retarded fuckers to vote for Jimmy Carter 2.0+Brain cancer+Dementia.
Dummycraps achieved all their goals with Hollowman Biden as their puppet and things went to shit.
Trump's back in and things are already recovering, and you gay fucking faggots are acting like Biden got re-elected.
It's time to admit, Democrats suck dick at everything but propaganda.
>>
>>1464038
And I'll also say that Obama was an improvement on Bush who was absolutely useless, but somehow better than Clinton who was actively destructive.
>>
Blah blah republicans will realize that all their opinions are more than wrong and will suffer because of such, I know.
>we
'sup, shill.
>>
>>1464031
You're leaving out the part about Trump's covid policies first ignoring the pandemic, then bribing BigPharma to save him, then bribing every taxpayer with a signed check. That alone tanked the economy more than any of his pre-covid economic policies.

It isn't something Biden on his own could have fixed, not that he really did anything anyway except spend even more money. The debt-to-GDP ratio doesn't magically go back down to acceptable levels in one or two presidential terms. It's going to take at least 20 years of austerity to correct the mistakes of 2020, and neither party wants or has the political capital to start the process. It's nearing the point where the interest payments on the debt are unsustainable and things are coming to a head against the backdrop of Trump's 'unitarily owning the libs' second term. Who knows what will happen but it isn't likely to be pretty.
>>
>>1464040
Next time you want to clap back, don't be a pussy and actually reply.
>>
>>1464018
>>Cutting taxes means the government has to print more money to cover government spending
>>Which increases the amount of available cash in the economy
>>Which reduces the value of that cash
>This is economics 101. No, actually this is high school econ. Taxation is deflationary except where the tax is on economic activity itself (at which point the tax becomes part of the price of a good or service and the inflation artificially offsets the deflation from the removal of the cash). It's literally the government removing money from circulation in the economy.
Absolutely what the fuck? You actually believe this shit? Are you even a person?
>>1464027
I mean, owning the libs is good policy, so if the libs are in fact getting owned then things are looking up.
I think the libs just ran out of money to push their shitty equity crud.
>>
>actually reply
>what is 'Denying other posters of (you)s'
Next time, lurk more.
>>
>>1464041
>not that he really did anything anyway except spend even more money
Which helped us recover faster than a lot of the countries that got fucked by COVID, that is despite us also getting hit harder than most because of Trump fucking shit up. The response to a natural disaster should not be to cut spending.
>austerity
Or we could increase taxes. Seriously, the government is a key fucking part of the economy. It keeps dollars circulating in a lot of sectors. We saw that shit when a bunch of farmers got fucked by us cutting foreign aid. Turning off your engine to improve your gas mileage doesn't fucking work.
>>
>>1464046
Lurking would suit you better, pussy. You're not even American.
>>
>You're not even American
Oh look, the shill's projecting again. He'll never beat the non-American allegations.
>>
>>1464048
>Or we could increase taxes.
I'm not disagreeing, but neither major party is willing to do this. Republicans erroneously think making the government smaller and cutting taxes to 0 will solve everything, while democrats foolishly think they can strategically spend their way out of it. It's going to take a third party which hasn't formed yet made up of fed up people to actually raise taxes on the top 10%, or else some kind of unforeseen class warfare, to enact any meaningful change. But too many people are distracted in their echo chamber bubbles scoring partisan political points, fighting culture wars, or getting opinions from some e-celeb to care. It's interesting how there was a 'great depression' in America in 1830 and 1930, and now it looks likely for 2030.

tl;dr We are truly doomed to repeat history.
>>
>>1464048
>Or we could increase taxes.
Well, how do your feel about tariffs?
Oh, you don't like them? Then I don't think I can take you seriously.
>>
>>1464046
>>what is 'Denying other posters of (you)s'
It's mental illness when you do it.
The reason others do it to you is because you're nonsensical and mind broken at best to the point where people believe you're an Indian shill, when in fact you're a barely English literate French-Canadian dyke.
>>
>>1463989
What's the context, trump has actually sucked bill clinton's dick. And is Putin's cock holster.

>>1463855
It's also why he tried to do things like bribe everyone with $2000 back.
>>
>>1464075
>It's also why he tried to do things like bribe everyone with $2000 back.
I thought you loved socialism?
>>
>nonsensical and mind broken
But enough about the projecting shill between >>1464070 and >>1464075
>>
>>1464070
>Well, how do your feel about tariffs?
They suck dick cause they're taxes on economic activity.

I've literally already critiqued taxes on economic activity in this fucking thread

>>1464043
>Absolutely what the fuck? You actually believe this shit? Are you even a person?
I accept your concession.
>>
>>1464076
I thought right wingers hated the Kremlin. Until 2016
>>
>>1464081
>I've literally already critiqued taxes on economic activity in this fucking thread
I think that a person who doesn't realize that taxes are generally taken from economic activity as a rule, is an absolute fucktard.
The only taxes that aren't are the horrible property taxes which are a tax on shit I own.
>>
>>1464088
>The only taxes that aren't are the horrible property taxes which are a tax on shit I own
Yeah, wealth and property taxes are great. Use it or lose it.

I know how taxes work. You hating the only taxes that aren't bad for the economy isn't my problem. That's a personal issue for your dumb ass.
>>
>>1464089
>You hating the only taxes that aren't bad for the economy isn't my problem.
So taxes certain taxes are bad and others are good?
So sales tax, payroll tax, corporate tax, and tariffs are all bad, correct?
>>
In the leftist HPV-HIV-syphilis fueled fantasies, Robin Hood go to Nottingham.
Rob no one.
Everyone love excessive tax.
All are happy.
Smiles, and trans everywhere.
Yay.
>>
>>1464090
Yes. About the only tax of the sort I'm positive on is capital gains if only because it disincentivizes speculation which isn't really productive for the real economy.
>>
>>1464093
And that's fine. And I can get onboard with that IF you can tell me how under 300 billion will fund the nearly 3 trillion in government spending.
And please keep the fantasy aspect out of it.
>>
>>1464096
>And I can get onboard with that IF you can tell me how under 300 billion
In. Crease. Tax. Es.
>>
In the rightist russian HIV-Dedovschina fueled deviant's fantasies, Robin Hood was actually a medieval cloth dyeing guild-created legend
Orange Prince of Washington robbed everyone
MAGAts live in pods, eat bugs and own nothing
And they like it
Cultists worship an orange trans lover https://www.youtube.com/watch?v=Guve7Y856kY
YMCA
>>
>>1464102
Which ones?
>>
>>1464104
Shut the fuck up psycho dyk-o.
>>
>>1464071
>dyke
>>1464091
>trans
But enough about >>1464106's sexual obsessions
>>
>>1464079
>>1464076
The Russians are seething big today. Must be because of trump's failing health.
>>
>>1464105
Property and wealth taxes. Also sin taxes.
>>
>make to this weird
But enough about >>1464115 not going to English classes.
>>
>>1464139
Yup. Sounds like this CHRISTmas season spending will be down about -10% from last year.

Kek

https://americanresearchgroup.com/holiday/
>>
>>1463663
Doesn't matter. Economy still crashing. Trumps Recession is warming up.
>>
>>1464170
And your so excited about it. It's like you're an enemy of the US.
Good for you!
>>
>>1464174
Hey when you warn someone over and over again not to step on a rake and they ignore you, you get to feel a little bit of satisfaction when they promptly get hit by it even when you're getting smacked too.
>>
>>1464174
>Be me
>Shill for the guy who crashed the economy
>People mocking Donald are the reprehensible ones, not me
Don't worry, Donald is doing his best to outlaw making fun of him. That way you'll get to enjoy unemployment in peace assuming you're American, which you're probably not. The Hungarian government will always need shills to work for 5 USD a day.
>>
>>1464175
>Not satisfied with a good economy because there was no (D) in office, he willingly pushed for a potato as president.
I can't believe you have the audacity to express your opinion in broad daylight.
>>
>>1464181
Not him, but:
>Let me tell you why my octogenarian who falls asleep during meetings and only schedules a couple hours of events a day is better than your octogenarian who falls asleep during meetings and only schedules a couple hours of events a day
Don't worry though, I'm sure that talking about Biden will make everyone forget Donald is a crazy old man who's crashing the economy
>>
>>1464187
And here's a second one who so hated a functioning economy because there was no (D) in power he pushed a tuber into office. One who completely ignored his Mr. Potato-Head-of-State doing generational damage to the economy.
And yet another one of these slimy creatures has the absolute nerve to express it's disgusting opinion in broad daylight without shame.
>>
>>1464200
Donald isn't going to have sex with you anon, you can stop trying now
>>
>>1464201
Wow amazing wit. You seem like someone who would vote for any rutabaga with a (D) next to it's name and willfully attempt to cover for their rutabaga's trash policies.
Imagine not simply scurrying away.
>>
>>1464175
Yeah, that's my thinking too. We're all going to fucking die, but at least I'll get to say I told you so the whole time.
>>
>>1464206
This has nothing to do with Trump or tariffs. The FED turned off the money printer and corporations are not being paid to hire shitty DEI employees. Your rent is high because you are competing with 40 million foreigners that are brought here by the government and because you allowed BlackRock to buy 30% of all residential homes. Your groceries are high because you allowed Bill Gates to buy all of the farm land. Inflation is high because the US is debt spending to send billions in foreign aid and welfare. Prices are high because of democracts
>>
>>1464206
*its name, not it's name

I let it go the first time bc autocorrect fucks you sometimes, but after two times it's clear you don't know the difference... and it's not a good look not knowing 1st grade syntax. "It's" means "it is" while "its" means "belonging to it". I get second languages are hard (I struggle with Spanish personally), and wouldn't want you to feel embarrassed over it in the future.
>>
>>1464211
>Taxing food with tariffs didn't make food more expensive
Economics 101.
>>
>>1464213
And yet again we have another idiot who oozed fecal matter onto it's keyboard to express a stupid opinion that was posted without shame.
Less than 15% of US food is imported, and none of the US staples are imported.
But you knew that you slimy little fuck/
>>
>>1464216
NTA, so that just means prices are sky high because of price gouging.
Which is even worse for trump.
>>
>>1464217
And this mass of liquid diarrhea manages to come up with an ever more retarded take, that it very excitedly posits without consideration of it's contents.
The smiles and nods are fading. Anyone who pretends to agree with you is terrified you'll simply kill them. You are a terrorist.
>>
>>1464223
>it's
The smiles and nods of your teachers at the English classes you attend are fading.
>>1464212
You clearly want to embarrass yourself now.
>>
>>1464223
Fed Chair said today that the rising prices are because of Trumps tariffs. So Trumps Recession is Trumps fault.

Don't like facts? Deal. With. It.
>>
>>1464217
Gouging and tariffs. Its a mix of bad policies and unchecked greed.
>>
>>1464253
Why are you seething and lying so much?
>>
Why is >>1464270 seething and lying so much? >>1464253.
>'Mamdani is a very rational man' -Trump
In soon to be Soviet America, Reality trolls you.
>>
>>1464270
I'm not. Look it up. The Fed Chair said that the price increases are a result of tariffs.

"Trumps Recession" has begun
>>
>>1463682
>Its a big club and you aren't in it!



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