2025-12-05XThread

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1/2 The repost stats are ANNOUNCEMENTS, not actual layoffs. They will occur over time and MAY be done through attrition (not filling jobs as people leave). Orange on this chart shows total layoffs, 1.2m, but ~25% were Gov't (DOGE), meaning the non-DOGE layoffs were 901K. https://t.co/mYnANFkXOb 2/2 Since April 2023 (the last 2 1/2 years), the rolling 12-month total of non-DOGE layoffs averaged 720k (dashed blue line). In Nov, it was 901K. This extra 181k above the average is 15k/month in extra ANNOUNCED layoffs. Is an extra 15K/month in layoffs above its recent average enough to cut the rate by 50 bps (Sept and Oct), and adding another 25 bps cut next week? Are these 15k/month at risk of losing their job more important than 98 million people who say affordability is the worst they have ever seen (46% of 212 million working age people, per the political poll y'day)?

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Recent Layoff Announcements: 1. US Government: 307,000 employees 2. UPS: 48,000 employees 3. Amazon: Up to 30,000 employees 4. Intel: 24,000 employees 5. Nestle: 16,000 employees 6. Verizon: 15,000 employees 7. Accenture: 11,000 employees 8. Ford: 11,000 employees 9. Novo Nordisk: 9,000 employees 10. Microsoft: 7,000 employees 11. PwC: 5,600 employees 12. Salesforce: 4,000 employees 13. IBM: 2,700 employees 14. American Airlines: 2,700 employees 15. Paramount: 2,000 employees 16. Target: 1,800 employees 17. General Motors: 1,500 employees 18. Applied Materials: 1,444 employees 19. Kroger: 1,000 employees 20. Meta: 600 employees Where will all these people go?
KobeissiLetter ↗