At a time when/if the economy was functioning as most economic pundits have previously proclaimed, Amazon and other retail giants would normally be beefing up workers in anticipation of the holiday shopping season. However, with the midterm election in the rearview mirror, exactly the opposite is happening. {Backstory on prior employment announcements}
According to multiple media reports, Amazon is expected to announce layoffs for approximately 10,000 U.S. workers this week. Yet another indication the economic pretending is coming to an end right after the midterm election is concluded.
(CNBC) – Amazon is planning to lay off approximately 10,000 employees in corporate and technology roles beginning this week, according to a report from The New York Times. Separately, The Wall Street Journal also cited a source saying the company plans to lay off thousands of employees.
Shares of Amazon closed down about 2% on Monday.
The cuts would be the largest in the company’s history and would primarily impact Amazon’s devices organization, retail division and human resources, according to the report. The reported layoffs would represent less than 1% of Amazon’s global workforce and 3% of its corporate employees. (read more)

Well, as expected, the U.S. multinationals are starting to announce advanced downsizing.



Ever since the professional Republican apparatus decided to target, eliminate and destroy the grassroots movement known as the Tea Party, there was always going to come a time when the battle for the heart and soul of the GOP Club would take place.
The Democrats and professional Republican class both want to see the populist movement destroyed for the same reason Mitch McConnell wanted the Tea Party destroyed in 2010. The assembly of the united middle-class and blue-collar base inside the Republican Party, essentially the broad MAGA movement, represents a Main Street threat to Wall Street control of the GOPe.