USA 2020 Elections: Thread

[grarpamp]

> 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.php
https://www.usatoday.com/story/money/2022/02/03/facebook-zuckerberg-retirement-funds/6654000001/

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.