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January 27, 2024
Media And Tech 'Bloodbath' Continues As More Than 24,500 Employees Laid Off Or Fired In January 2024, While What Is Left Of The Media Lies About 'Thriving' Economy
They tell us job numbers are great, the economy is growing, yet interest on the national debt is approaching a trillion dollars.
Like the Hunter Biden 'laptop from hell,' in 2020, the national media likely won't report the true state of the economy until after the presidential election.
There is something else that skews the picture of a thriving economy, and that is the number of layoffs and firings being seen in multiple sectors.
One of those sectors is the national media, and while it is never great to see people lose their jobs, it truly is ironic that those that lied to us about the Hunter Biden laptop, the economy, the Russian collusion hoax, hate crime hoaxes, Covid lockdowns, masking, social distancing, vaccine safety, and so much more, are finally getting their comeuppance.
Let's begin with the MSM:In 2023, more than 20,000 media jobs were lost, 2,600+ of them from the "news" sector itself.
The news sector has lost more jobs this year through November than it did in all of 2022 or 2021. Media, of which news is considered a subset, has experienced 20,342 cuts, the highest year-to-date figure since 2020, Challenger reported.
Jump forward to the beginning of 2024, and we see the media "bloodbath" is still going strong.
• This week, Time magazine and Condé Nast, the publisher of Vogue, Vanity Fair, GQ and other marquee magazines, both announced significant job cuts.
A look at the 2023 Layoff Tracker, we see not only the cuts in 2023, but announcements made in December 2023, about cuts and layoffs that will occur in 2024.
2023 was brutal for the entire media industry, but from the announced cuts and potential sales in just January so far, Axios was correct in calling it a "bloodbath."
Media is not the only sector that calls into question the "economy is thriving" narrative, especially when CEO Mike Federer said in a note to staff that Forbes “must remain vigilant in our current economic environment.”
But, but but but...... I thought the media has been telling us how great "Bidenomics" has been for America!
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TECH INDUSTRY & OTHERS.....
January has also proven to be a harsh beginning of 2024 for tech industry employees, who we happen to have much more sympathy for than the lying media.
Interestingly enough, what remains of the media continues to report the official narrative, with claims that after hiring heavily during the Covid pandemic, now they have to cut their workforce, which would be far more believable if the whole Covid fiasco wasn't nearly four years ago.
We are expected to believe that these companies hired too many people during Covid, and it took them a solid three years to start downsizing, rather than admit Bidenomics has failed. In reality, 114 million people to lose their jobs over 2020.
There is something seriously wrong with this picture.
The first set of layoffs below comes from The Daily Mail.
• Salesforce is laying off about 700 employees - or roughly 1 percent of its global workforce, in the latest round of job cuts to hit the tech industry.
• Earlier this week, eBay announced it would cut about 1,000 roles, or an estimated 9 percent of its current workforce
• Microsoft said it would let go of 1,900 employees at Activision Blizzard and Xbox.
• Google said it’s cutting a few hundred jobs from its advertising sales team.
• Google’s CEO reportedly said in a memo to employees last week that more layoffs are ahead, just hours after an announcement that the company was slashing 100 jobs at YouTube.
• Apple reportedly said it’s shutting down a 121-person team that works on AI features in San Diego, giving employees an ultimatum to relocate or face layoffs.
• TikTok cut 60 roles.
Next we take a look at layoffs.fyi, which shows that 93 tech companies w/ layoffs, 24584 employees laid off so far in 2024. Some of the numbers listed and linked above, aren't yet documented at layoffs.fyi.
The layoffs would be the second head count reduction in recent months at the San Francisco-based company. It cut 20% of its staff in October in areas such as software development.
• Productboard, a software startup backed by some of the world's biggest tech investors, has instigated its third round of layoffs less than two years.
The company has conducted a series of layoffs, beginning in November of that year when it cut a fifth of its workforce, two former employees said. Another 10% of its headcount was cut in August last year, they said.
Now, Productboard has begun another round of layoffs, the scale of which is unknown as yet, the former staffers said. Others have also spoken about the cuts on LinkedIn.
• On January 25, 2024, Jamf Holding Corp. announced a workforce reduction plan (the “Plan”) intended to reduce operating costs, improve operating margins, and continue advancing the Company’s ongoing commitment to profitable growth. The Plan is expected to impact approximately 6% of the Company’s full-time employees.
• Aurora Innovation, the autonomous vehicle technology company aiming to launch a “driverless” self-driving trucks business by the end of 2024, laid off dozens of workers this month, according to sources familiar with the action. The Pittsburgh-based company, which also has facilities in California, Colorado, Texas and Montana, has since confirmed that about 3% of its workforce was laid off in the beginning of the year, following an organizational review.
Aurora employed about 1,800 workers as of the end of 2023, according to the company.
• Desktop Metal, Inc., a global leader in Additive Manufacturing 2.0 technologies for mass production, today announced an additional $50 million cost-reduction plan that includes a 20% workforce reduction designed to align its cost structure to current market dynamics.
• Vroom laying off 90% of workforce, shutting down used-vehicle platform. The company, which peaked at a valuation of over $8 billion in August 2020 but has seen its market cap fall to $75 million, said that it is discontinuing its e-commerce operations and winding down its used vehicle dealership business, resulting in the layoff of 800 employees
• January 23, 2024: Expense management startup Brex, which was valued at $12.3 billion two years ago, laid off 282 people, or about 20% of its staff.
The cuts were announced today to employees in an all-hands meeting and internal memo I’ve obtained. They’ll impact 170 people across various departments.
Sisense has seen its team shrink by half since 2022, with 60 jobs now set to be cut after 100 employees were let go last July
Those are some of the biggest layoffs, but there are more from smaller companies, found at layoffs.fyi.
BOTTOM LINE....
While the news industry job losses can be explained by the dwindling trust after the MSM pumped out so much disinformation over the past few decades, the tech industry and other layoffs and closures are indicative of an economy that is not doing as well as the MSM, on behalf of the Biden regime, claims.
Biden claims the media isn't reporting how good the economy is, which is laughable as they try to protect him from his own policies. The fact is no matter how much smoke the MSM attempts to blow up our behinds, every time someone goes for clothes, electronics and especially food, they understand how much worse they are doing now, than when Trump was in the White House.
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