U.S. Economy and its Mess

[rareboy]

When WSJ starts with stories like this...watch out.

 

[KaraBulut]

And so, it begins... in time for the holidays.

Amazon cuts 14,000 corporate jobs as spending on artificial intelligence accelerates

Amazon will cut about 14,000 corporate jobs as the online retail giant ramps up spending on artificial intelligence.

apnews.com

Amazon cuts 14,000 corporate jobs as spending on artificial intelligence accelerates

Amazon will cut about 14,000 corporate jobs as the online retail giant ramps up spending on artificial intelligence while cutting costs elsewhere.

Teams and individuals impacted by the job cuts will be notified on Tuesday. Most workers will be given 90 days to look for a new position internally, Beth Galetti, Senior Vice President of People Experience and Technology at Amazon, wrote in a letter to employees on Tuesday. Those who can’t find a new role at the company or who opt not to look for one will be provided transitional support including severance pay, outplacement services and health insurance benefits.

Amazon has about 350,000 corporate employees and a total workforce of approximately 1.56 million. The cuts announced Tuesday amount to about a 4% reduction in its corporate workforce.

 

[rareboy]

Meanwhile: 25 states just united to sue Trump for choosing to cut off SNAP benefits for children and struggling families, citing USDA's own publication that says Trump is required to use a $5 Billion contingency fund.

 

[Norri]

^ Because of the urgency it’s exactly the sort of case the Supreme Courts emergency docket is for but somehow I doubt that’s gonna happen.

 

[KaraBulut]

^ Because of the urgency it’s exactly the sort of case the Supreme Courts emergency docket is for but somehow I doubt that’s gonna happen.

There's a clip floating around of Trump bloviating a few months back about how he wants one big beautiful bill and once that is done, he doesn't need Congress anymore.

It's not just about Epstein that Mike Johnson has, in effect, dissolved the House. They are the ones who can fix this but quite a few Republicans have left the country on a vacation.

 

[KaraBulut]

Among the used car salesman promises made by the 2024 Trump campaign were promises to increase manufacturing jobs in the US and keep those UAW union members working.

And then comes reality of tariffs, discontinued tax incentives and consumer slowdown...

These are the GM layoffs announced in the past week:

General Motors lays off workers at Ohio site Trump pledged to save

GM will be cutting 550 jobs at the plant in Lordstown, Ohio, with hundreds of layoffs at other facilities across the U.S.

www.newsweek.com

An Ohio battery plant owned by General Motors and once championed by President Donald Trump as symbolizing his American manufacturing revival is laying off hundreds of workers amid a slump in demand for electric vehicles.

GM confirmed the decision to The Associated Press on Wednesday, following a report by The Detroit News that the company would be cutting 550 jobs at the Lordstown plant—a joint venture with Ultium Cells—and placing another 850 on temporary layoff, while also cutting around 1,200 jobs at an assembly plant in Detroit.

https://www.cnbc.com/2025/10/24/gm-layoffs-job-cuts.html

• General Motors laid off more than 200 salaried employees on Friday, as the automaker continues to cut costs.
• The job cuts were primarily Computer-Aided Design, or CAD, engineers who worked at the company’s global tech campus in metro Detroit, according to GM.
• The layoffs come days after the Detroit automaker raised its 2025 financial guidance.

General Motors lays off 5,500 workers amid slowing EV demand and tax credits end | Invezz

General Motors is cutting 5,500 jobs across its EV and battery plants as it scales back production amid slowing demand and the end of key tax credits.

invezz.com

General Motors lays off 5,500 workers amid slowing EV demand and tax credits end

• GM cuts 5,500 jobs as EV demand slows and federal tax credits expire.
• Factory Zero scales to one shift; 2,200 workers remain on furlough.
• GM rethinks $35B EV plan after $1.6B charge and further job cuts.

General Motors Co. (GM) has announced layoffs affecting roughly 5,500 employees across its electric vehicle and battery plants in the United States, as the automaker scales back production following a sharp decline in demand for battery-powered cars.

The move comes on the heels of President Donald Trump’s decision to eliminate federal tax credits that had supported EV purchases.