Crazy Nut Job
Jobs Headlines

It’s been a while since I’ve seen multiple 1,000+ job headlines on the same day. Back then, the headlines were universally bad. I saw these on Bloomberg and realized how long it’s been:

  1. Novartis Plans to Cut 1,400 Drug Sales Jobs in U.S.

  2. GM Hires 1,000 Engineers to Expand Electric Offerings

  3. State Street to Cut 1,400 Jobs as Low Rates Squeeze Revenue

I don’t really know what to make of the 1-step-forward-two-steps-back aspect of this. I find it a bit odd that labor market volatility seems to be on the decline when we get these headlines. Outside of retailers, big changes in jobs aren’t exactly expected.

  1. crazynutjob posted this
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