Incomplete list of job loss announcements and shutdowns.
“If you grow up low income and manage to get higher education, which few people manage to do, the potential for that to lift you solidly up into the middle-class and upper-middle class is more limited than we thought.”-Brad Hershbein, W.E. Upjohn Institute for Employment
A Brookings Institute study (A college degree is worth less if you are raised poor) revealed some surprising data about what is now obviously the ‘lie’ of higher education: Using decades worth of data the researchers discovered that having a four year college degree does absolutely nothing to help low income people get out of poverty! It seems only people from wealthy families benefit from a college degree! I can attest to that; I’m from “low income” and I got a bachelors degree (later in life, after decades of working for the Man) and my income actually went down after I graduated. I’ve gotten numerous rejection letters, where as before I got the degree I could walk in anywhere and get hired! What sup wit dat?
Arizona: In Tucson, Mexico based ANSARCO issued a WARN, 163 copper mining jobs lost due to low prices!
California: More proof you brick-n-mortar store owners can’t directly blame the internet/high tech for your demise; San Francisco based interactive entertainment company Kabam eliminating an undisclosed number of jobs, as part of their plan to acquire major gaming platforms. In San Jose, evil vulture capitalist investment company Fenox Venture Capital was caught employing slaves! The U.S. Department of Labor charged the capitalists of “misclassifying” 56 employees as “unpaid interns”, when they were, in fact, full paid employees. Fenox Vulture Capital must now pay out $331,269 USD in back wages: “A large number of employees worked for free providing hundreds of man hours for this company to make a profit. For them to not even pay minimum wage in [San Francisco] Bay is really appalling.”-Michael Eastwood, U.S. Department of Labor
Colorado: Taxsucking military contractor Jacobs Technology-ETASS laying off 70 people. The Vail Cascade resort issued a layoff WARN, 2-hundred jobs being eliminated! Honeywell eliminating at least eight jobs. Sky Hotel 39 Degrees issued a shutdown WARN, 91 jobs lost. Texas based insurance referrer All Web Leads issued a shutdown WARN, 103 jobs lost! It might be connected to the November 2015 takeover of rival InsuranceQuotes. After killing off 5-hundred jobs in Washington, California based Concentrix eliminating between 270 to 378 Boulder County jobs due to the loss of their IBM contract!
Georgia: Suwanee based telecommunications equipment maker Arris eliminating at least 8-hundred jobs, as part of their merger with British empire United Kingdom based company Pace!
Florida: Wholesale soup maker Chef Creations is no more, they’ve sold out to a Massachusetts corporation, resulting in 110 Chef Creations HQ employees, in Orlando, becoming jobless between April and July! Local news media made the sale sound like a surprise as Chef Creations had recently won new local tax breaks, and gotten approval for major financing, for expansion of their soup making operations.
Kentucky: Lexington based printer maker Lexmark eliminating 550 jobs on the advise of Goldman Sachs! The company is even considering the option of selling itself off.
Massachusetts: In Edgartown, women’s clothier hannah b shutting down, with the owner saying “it just happens”.
New York: CNN’s Manhattan Center Productions updated their WARN saying 222 people will now become unemployed by the end of April! CNN is moving its HeadLineNews (HLN) program from New York City to Atlanta, Georgia. In Saratoga Springs, after 30 years Aggie Mullaney boutique shutting down on Monday, so the owner can focus on her new retail operation.
North Dakota: State Department of Transportation announced it must eliminate all temporary jobs due to a $69-million USD decline in fuel tax, vehicle registration and other fee revenues. Crashing government revenues caused by people with no money to spend is overwhelming proof we are in a depression.
Virginia: In Bland, transformer maker ABB eliminating 30 jobs, blaming “….a slowdown in the market, we can’t say for sure what will happen next. It depends on demand.”
WARN=Worker Adjustment & Retraining Notification
22 February 2016: “We’re being thrown out….”
Former employees who receive severance are not counted as unemployed
The U.S. Department of Labor (DoL) no longer issues mass layoff reports: “On March 1, 2013, President Obama ordered into effect the across-the- board spending cuts (commonly referred to as sequestration) required by the Balanced Budget and Emergency Deficit Control Act, as amended. Under the order, the Bureau of Labor Statistics (BLS) must cut its current budget by more than $30 million, 5 percent of the current 2013 appropriation, by September 30, 2013. In order to help achieve these savings and protect core programs, the BLS will eliminate two programs, including Mass Layoff Statistics, and all ‘measuring green jobs’ products. This news release is the final publication of monthly mass layoff survey data.”