The Rokslide Stock Traders Thread

[Poser]

1) Fed agency DEI hires that were doing nothing....good riddance. So you think we should be paying these people for doing nothing?

2) Businesses streamlining due to efficiency gains- be it AI or something else. Typical TDS'er blaming that on Trump. We have seen it with automation and other business efficiencies for a hundred years. . Personally, I think a lot of the middle management and lower minion jobs will go away once AI hits its stride. I will be investing in the companies that are taking advantage of these efficiencies.

Typical Trump devotion syndrome here with an utter failure to hold him or is administration accountable for anything.

Your assumptions are off about these layoffs. First of all, Trump's own admin expected to add 50,000 jobs during this period. Store, unit, or departments closings was the top reasons for layoffs. Market and economic conditions followed second. Third was restructuring. and, at 5,636 jobs, was planned layoffs.

AI was credited for 4,680 job cuts of the 92,000.

The manufacturing sector is dumping jobs like crazy. 12,000 US manufacturing jobs lost in February.

The numbers are available if you want to cross reference any of this and they are not inline with what you typed above. Furthermore, these numbers have not been adjusted yet so we should expect that the final report will come in worse.

 

[CorbLand]

My cousin works for a farm equipment manufacturer. Google says they are 220-500 employees which I didn’t realize they were even as big as that lowest number. They just layed off 75 workers.

 

[eddielasvegas]

My former employer (ACI) laid off 400 corporate staff roughly split between CA and AZ.

IIRC, there is about 3000 non-store employees so a decent percentage of the RIF pool.


Eddie

 

[MThoundhunter]

Picked up some more MSMGF and PWRMF this week. Lots of stocks on sale right now, see what happens next week.

 

[Ucsdryder]

Picked up some more MSMGF and PWRMF this week. Lots of stocks on sale right now, see what happens next week.

Maybe. I’m holding cash right now. Maybe I’ll miss out, maybe they’ll go further on sals, or maybe that cash will become more important….