More proof you brick-n-mortar store owners can’t directly blame the internet/high-tech competition for your demise. Incomplete list of U.S. internet/high-tech/communications job destruction announcements in August 2017:
Moody’s Investor Service revealed what I’ve been saying for years; internet retail is highly overrated. In fact, so called retail giant Amazon is not a giant at all, accounting for only 10% of all U.S. retail sales! Walmart and Costco are still the retail kings.
Alaska: The trustee of chapter 11 bankrupt busted Alaska Dispatch News wants to kill it off by declaring chapter 7 bankruptcy.
Arizona: California based Paypal eliminating an undisclosed number of jobs at its office in Chandler.
California: Los Angeles Times reporting that Disney-ABC Television Group is prepping for mass layoffs, targeting mainly its west coast operations due to continued declining profits. Miramax laid off another 20 people, after laying off 20 back in May as part of a plan to make the movie studio more efficient. Broad Green Pictures laid off 15 people and cancelled most of its current movie projects. Video game maker Glu Mobile suddenly laid off 46 people, shutdown its Long Beach operations and canceled its game Car Town Racing. Mountain View based Intel warned of yet more mass layoffs saying “we have too many people”. In 2016, Intel laid off 15-thousand people! Chemring Energetic Devices issued a shutdown WARN for its operations in Torrance, 52 jobs gone by November. San Francisco based Uber eliminating as many as 5-hundred vehicle leasing jobs, due to losing an average of $9-thousand USD on every car leased! BOO!!! In San Jose, data storage company Brocade Communications Systems eliminating 96 jobs by Halloween. In Van Nuys, print tech company MSE Technologies eliminating 155 jobs by Halloween! In Roseville, Tesla and SolarCity issued layoff WARNs, 204 jobs gone by Halloween! Computer company Oracle America issued a layoff WARN, 1-thousand-18 jobs in San Diego and Santa Clara gone by Halloween!
Connecticut: California based ebay issued a shutdown WARN for its operations in East Granby, 197 jobs gone by Xmas! In Norwalk, after only two years of operations video game ‘summer camp’ center Game Haven begging locals for financial support, the owner says he’ll have to shutdown if he can’t raise at least $100-thousand USD.
Illinois: Comcast eliminating 211 jobs at its call center in Oak Brook, in time for Halloween! Chicago based Groupon made more job cuts, this time 130 people got the axe! Back in April Groupon killed at least 1-hundred jobs! Too Big to Jail Capital One eliminating 4-hundred call center jobs, blaming it on customers who don’t call-in!
Kansas: Siemens Wind Energy (aka Gamesa Renewable Energy) eliminating 140 jobs due to lack of sales!
Kentucky: Lexington based Lexmark eliminating 7-hundred jobs globally, by the end of 2018!
Maryland: In Baltimore, OrderUp! laid off 70 HQ employees due to being taken over by GrubHub/Groupon.
Michigan: Lithium Ion battery maker XALT Energy eliminating 37 jobs due to crashing orders from a Chinese electric bus maker.
Missouri: Frontier Communications shutting a call center, 141 jobs in Welden Spring gone by Halloween!
New Jersey: Internet based meal service company Blue Apron issued a shutdown WARN for its Jersey City ops, 1-thousand-270 people jobless by October!
New Mexico: California based Info-Tech company PCM suddenly laid off 50 people in Rio Rancho. Local news media pointed out that PCM is still advertising that it’s hiring.
New York: NYC based ‘millennial-news site’ Mic.com laid off 25 people in an attempt “to make Mic the leader in visual journalism”.
North Carolina: State taxpayers screwed as industrial hi-tech battery maker Alevo now chapter 11 bankrupt busted and dead, saying “This decision was driven by the formidable challenges of bringing a new technology into commercial production and lacking the financial wherewithal to continue on through repeated manufacturing delays.” It must be noted the company got $163-thousand taxpayer dollars for the express purpose of training up new employees.
Ohio: In Dayton, Krush Technologies suddenly laid off 40 people, apparently because the new Krush Digital doesn’t need as many employees.
Oregon: In Hillsboro, SureID made an additional 79 job cuts. According to local news media SureID has killed 376 jobs since May! Portland based online bank Simple suddenly laid off 33 people as part of a plan to “refocus” the company.
Tennessee: Newspaper company Gannett shutting down its Nashville design studio, 88 jobs lost to outsourcing.
Texas: Southlake based hotel/airline reservation tech company Sabre eliminating more than 9-hundred jobs due to a 2nd quarter loss of $6.5-million USD loss!
Vermont: Cox Automotive-Dealer.com suddenly laid off 45 people in order to “position the company for greater long-term growth, stability and profitability”, which will see a total of 950 jobs across the U.S. eliminated!
Virginia: Telvista issued a layoff WARN for its Danville call center, 222 jobs gone due to “an unexpected reduction in one of our customer’s business needs”!
U.S. Tech/Communications breakdown, July 2017: “EVERYONE IS SHELL-SHOCKED!” 61% CRASH IN PROFITS!
HARVEY: WHAT’S A DROPSONDE?