Economic collapse news. Mass layoffs have begun in the global auto industry in 2019. So far hundreds of thousands of job cuts have been announced. While many blindly trust in tesla the have announced cutting their recruitment teams strange considering they plan to begin production on the new model Y. Ford is bouncing between mergers and shedding mire than 25,000 workers. Volkswagen has announced plans to cut another 7,000 workers on top of the previously announced 30,000. Let's not forget GM who plans to close 5 more production plants. Had these companies focused their cash on research and development and less on stock buybacks maybe they could afford to continue to operate instead of closing down factories globally. There is so much more to the economy than the stock market. 2019 is one for the record books but the ugly truth is this is only the beginning.
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Economic collapse news. Mass layoffs have begun in the global auto industry in 2019. So far hundreds of thousands of job cuts have been announced. While many blindly trust in tesla the have announced cutting their recruitment teams strange considering they plan to begin production on the new model Y. Ford is bouncing between mergers and shedding mire than 25,000 workers. Volkswagen has announced plans to cut another 7,000 workers on top of the previously announced 30,000. Let's not forget GM who plans to close 5 more production plants. Had these companies focused their cash on research and development and less on stock buybacks maybe they could afford to continue to operate instead of closing down factories globally. There is so much more to the economy than the stock market. 2019 is one for the record books but the ugly truth is this is only the beginning.
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