I thought the U.S. economy was supposed to get better after news of Trump getting elected. Why are all these layoffs (Meta, Microsoft) in Tech happening?!? 😭😭😭

Because Trump is a felon and a con-artist cult leader.

Because the economy NEVER gets better with “conservatives” in control of anything.

They just scream it a lot and people foolishly believe it.

Numbers don’t lie. Just look up economic performance the last 60 years.

It’s BS, I lost my job (WFR) after 24 years at Hewlett Packard Enterprise, right after we closed out the most successful sales year in company history… 8.1 billion in Qtr 4 alone. All of the U.S. based managers (in my area of Sales Operations and planning, Supply chain, Demand planning, etc…) are no longer authorized to hire U.S. based employees, they MUST hire from HPE Mexico, Puerto Rico, Costa Rica, etc… so my job was eliminated but will be picked up in head count from most likely Mexico…and Trump talks about Tariffs being the answer… how about getting rid of off/near shoring not only blue collar but white collar U.S. jobs and bring back good paying jobs to the U.S. That won’t happen because that means US corporations will have to pay more money and that will eat into their astronomic profits that they’re already enjoying… Trump just wants all his oligarchs and his family to have all the money and all the minions work for less than $20 an hour. Welcome to the new America!! 🤮 Doesn’t feel so great

The announced tariffs are being considered in all this mess.
Electronics sales will be hit as will all kinds of domestic goods and food imports. So many things rely on a global supply chains. the business of supporting those things will plummet as will sales of the affected items.

Uhh....it is better? Bitcoin is blasting right now :P

This time of year, layoffs are pretty common. Many companies, including tech ones like Meta and Microsoft, make adjustments in January and February. It's kind of like how sports teams trade players to get ready for the new season. Businesses review what worked and what didn't from the past year and plan for the future. Interestingly, if you look at the stock market, specifically the SPY index, you might notice a pattern. Years that end in even numbers often show different trends than years that end in odd numbers. But remember, these patterns can change because of other factors.

Don’t worry! If you’re a billionaire you’ll be fine!!🤑

Trump doesn't take office until January 20th so this coming Monday Martin Luther King Jr. Day. Everything still happening is still under Biden. Not a lot will change to quickly though until he gets all of his cabinet picks approved by Congress. It will take a good 6 months to really start seeing any change and well into the end of the year. Took 4 years to get to this place will take time to get out of it.

Because Joe Biden's bad policies are still in effect.

Because the Ultra Liberal Democrats made things so incredibly bad that it cannot be undone overnight. It will take a bit. It should rebound, though.

Because meta and microsoft are trying to skew historical data in a deliberate way, at the raw data level where it is beyond speculation of pubic and is private within their wheelhouse . They are painting a false picture with facts that are not really real .

The economy was fked by the potato that went home don’t expect a fast turn around. Damage control is going to take a good year or two from that DEI bllsht as well.

You can thank Ray Dalio's book "The changing world order"

He basically laid out how corporate American CEO's aren't actually American but globalist. That's to say, they intend to make more money by cutting off the top paying jobs and sending them overseas where market's are filled with 1.5Bn people plus, living in poverty and desperate unlike the US workers who think they are desperate.

They do this legally first listing the jobs in the USA, turning away everyone that's qualified, and then they will cry "we can't find any talent here" and hire H1B's knowing that statistically they will benefit from the enormous populations of those countries. They then laugh all the way to the bank while these non-citizens ship all the entry points to those companies to other foreigners and the problem compounds. Investors don't care, why should the CEO's?

I actually think Harvard, etc teaches American's to hate themselves and self deprecate as some kind of atonement. What's great is non of these foreigners had relatives or anyone who fought in the wars that kept debt/oil cheap enabling this corporate nightmare. Welcome to "game theory"

Essentially, we are now paying for the fact that we trusted educational institutions were selling us degrees that mattered, while they didn't. These companies have no loyalty to American customers and do in fact plan to just focus on the Chinese and Indian consumers which are much larger buying pool.

The best chance the American worker has is to focus on jobs that can't be shipped overseas due to legal reasons, given those protectionist laws aren't simply abandoned to make shareholders happy.

Welcome to late stage Corporatocracy. You have mostly Gen X to thank, they were all taught this is okay because in their MBA programs, "Game Theory" is the dominant thought process, or i.e cannibalism as I call it.

Between November 2022 and November 2024, the San Francisco Bay Area experienced significant reductions in tech employment. Over this two-year span, tech companies announced plans to eliminate more than 48,900 jobs in the region. 

The pace of layoffs varied during this period. In the first half of 2024, tech firms disclosed plans to cut over 13,000 jobs in the Bay Area, averaging about 500 layoffs per week. This rate slowed in the latter half of 2024, with approximately 4,000 job cuts announced, averaging 220 per week. 

Major tech companies contributing to these reductions included:
• Meta Platforms: 5,195 job cuts across Menlo Park, San Francisco, Burlingame, Sunnyvale, and Fremont.
• Tesla: 3,652 layoffs in Fremont, Palo Alto, and San Mateo.
• Google: 2,507 staffing reductions in Mountain View, Moffett Field, San Bruno, Palo Alto, Sunnyvale, and San Francisco.
• Cisco Systems: 2,649 job cuts in San Jose, San Francisco, and Milpitas.
• Salesforce: 1,202 staffing reductions in San Francisco.



These substantial job losses have had a ripple effect on the local economy. For instance, housing prices in San Francisco have declined to pre-pandemic levels, with condominium and co-op prices dropping by 14.7% from May 2022, averaging $986,000. Single-family homes have seen a 15.4% decrease, averaging $1.39 million. 

Despite these challenges, there are indications that the pace of layoffs is slowing. During the first six months of 2024, tech companies disclosed plans to cut more than 13,000 jobs in the Bay Area, averaging about 500 per week. In contrast, over the final six months of 2024, approximately 4,000 job cuts were announced, averaging 220 per week. 

In summary, from November 2022 to November 2024, the San Francisco Bay Area faced significant tech job losses, with tens of thousands of positions eradicated by tech firms. While the rate of layoffs appears to be decreasing, the region continues to navigate the economic impacts of these reductions.

It’s not difficult to see what’s going on here.

Left or right, public policy, good or bad, doesn't show results for one, two, three, four years. The first two years of any president's administration is going to be the sum of the last three presidents' policies. If the next administration does anything, the result of their action or failure to act will play out over the next six years.

There is a downturn happening in the global economy.
The US economy is a outlier, doing better than all other developed economies currently.
But beware Trump's aggressive stance on threats of tarrifs on everything with everybody.
He's making enemies everywhere in the world.
No good.
But def some of his ideas are in the right direction.
The difficult is they're buried ubdrr all the bat-shit crazy stuff.
"They're eating the cats, and they're eating the dogs!"
What the...

Why would anyone think that?

Shifting to the right and war on “Woke” has given these tech and industry CEOs cover to fire and layoff people with anti-DEI, reduction in fact checkers, social policy headcounts, HR, any pro-anything initiatives and ofc telework flexibility.

They feel empowered to do whatever they want and if you don’t like it or fall in line you can walk. There’s no safeguards or people to complain to about it. And if you raise a stink about it, they’ll threaten to just replace you with AI.

Well...first off, who said the economy will get better BEFORE he steps into office? Don't you think Trump would at least have to be in power for a month or two before impacting the economy in any kind of positive way?

Second, what does Meta, Microsoft or Google have to do with Trump's policies government policies?

Third, I can probably pretty much guarantee that the economy will only get better because it can't get any worse compared with what was happening with all the chaos from immigration, the many scandals that plagued the government not to mention the endless court cases to prosecute Trump as a 'convicted felon' for absolutely nothing since he's exempt anyways.

The best thing Americans can do now is keep their head down and focus more on work and earning as much as you can and minimizing spend and maybe JUST MAYBE you'll see an impact on your bank account.

Keep an eye on who is leaving, who was at the white house today, and what boards did they sit on...

Not everything was booming: economic indicators were already showing a recession caused by the tariffs on the farmers that lost sales from China.

Just as an FYI, majority of Us large farmers were supplying the US with raw materials but then were selling at a high profit the excess to China. Once tariffs hit then got screwed over and many closed down. The government ended up having to use Keynesian means and giving them aide packages before Covid hit.

You all didn’t read economic news.