Jobs

What The Heck Is Wrong with Big Tech?

by Wolf Richter •  • 10 Comments

Tech companies are on a white-hot acquisition binge, swallowing anything that isn’t nailed down. But layoffs have started soaring. And it’s getting worse.

Microsoft Layoffs: Insane M&A Frenzy Leads To Next Jobs Crisis

by Wolf Richter •  • 3 Comments

35,000 M&A deals will likely be made this year, promising “efficiencies” and “synergies,” hence job cuts. So Microsoft, which bought Nokia’s handset unit, is planning the largest in its history…. The M&A frenzy of 2007/8 was followed by the Great Jobs Crisis!

Economic Growth in America’s “Two-Tiered Society”

by Wolf Richter •  • Comments Off on Economic Growth in America’s “Two-Tiered Society”

It’s been glorious: global M&A in Q2 soared 47% to $1 trillion, highest since 2007, just before the financial crisis. But in California, 30% of the people making less than $40k were in worse financial shape than last year, despite all the bubbles around them.

Why Fast-Food Workers Are An Endangered Species

by James Murray •  • Comments Off on Why Fast-Food Workers Are An Endangered Species

By James Murray: 30 years ago, if you’d told me I’d go to a fast-food joint, order on a tablet, and eat a machine-made burger, I would have said, “No way.” And today?

America’s Structural Unemployment Crisis in Two Charts

by Wolf Richter •  • Comments Off on America’s Structural Unemployment Crisis in Two Charts

It didn’t even start with the financial crisis. It started before the 2001 recession. But the strategy exploded in 2009, and it’s still getting worse.