Biden-Dems losing numbers...
The new Lefty Woke flavor of Socialism disproves itself again... The Corporate Layoffs Have Started And Leftist Big Tech Is Leading The Pack https://news.crunchbase.com/startups/tech-layoffs-2022/ https://www.sfgate.com/news/article/twitter-announces-mass-layoffs-17291249.... https://www.usatoday.com/story/money/2022/02/03/facebook-zuckerberg-retireme... There are the more publicized layoffs at streaming services like Netflix which fired around 500 regular workers and canceled operations with numerous contractors. The company lost 200,000 subscribers in the first quarter of this year and expects to lose 2 million more subscribers in the near term. It's another case of “Get Woke, Go Broke,” but it's also a reflection of the changing tech environment as inflation in necessities strangles consumer wallets. There is no doubt Netflix will see continued layoffs through the rest of this year. Then there are the more quietly publicized employment issues at social media giants like Facebook and Twitter. Twitter announced mass layoffs were in the works last week as uncertainty over the company's acquisition by Elon Musk grew. Now that it is clear that Musk will not be buying the platform, they face serious decisions on cuts in order to remain afloat as their stock price tanks. So far, Twitter has laid off over 30% of its talent division and announced a hiring pause. In a recent leaked memo, Facebook executives have informed managers that “low performance” employees have no place at the company and will need to be cut, indicating that a philosophy of meritocracy is returning to the otherwise woke world of social media. Facebook has been bleeding money for years now and in February it's stock prices plummeted after it announced that it has lost subscribers for the first time in its 18 year history. The shares have collapsed by 50% since February and are still dropping. Mark Zuckerberg personally lost at least $32 billion in stock holdings in February alone. Multiple Big Tech and high concept companies that rely heavily on tech have announced hiring freezes or layoffs in the past month, including Apple, Uber, Lyft, Snap, Hopin and Coinbase. Financial problems at proto-news websites like Buzzfeed and Vox have been well known for months as the venture capital artificially propping up these companies has finally run out. But extensive losses have been felt throughout the corporate media and leftist web media in particular. Even CNN is floundering with its abrupt cancellation of streaming service CNN+ and the layoff of staffers. Most or all of these corporations represent peripheral digital products and services that the vast majority of Americans have no use for and which serve no core purpose. they will require some kind of government assistance beyond what they have already received, though this will only expose them to more consumer scrutiny and more losses in their user numbers. It is perhaps the one bright spot in an otherwise dismal economic forecast; that some of these platforms which have politically abused their customers for so long will finally suffer some karma.