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ποΈ 4 November 2025
β±οΈ 19 minutes
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| 0:00.0 | I want to talk about some of the hard, the hard numbers around layoff today. So I don't know if you've seen this, but, you know, earlier this week, right, we saw UPS, I think, 48,000 employees layoffs, Amazon up to 30,000 employees in time. No, Amazon was it 13 or 17,000? That was this week, but there's, there's, we're talking about, um, more recently, not even |
| 0:22.0 | just this week. |
| 0:22.7 | So you're right. |
| 0:23.5 | It's a small number this week, but this is, the 30,000 comes from the market was estimating Amazon's about to lay off 13, 30,000 people and they came out with a real number and it was low. I saw the real number. That's, you're talking about the Wall Street Journal number, right? It was like 14,000 |
| 0:36.1 | Something like that |
| 0:37.1 | Yeah, yeah |
| 0:37.4 | Okay |
| 0:37.8 | So you got |
| 0:38.5 | Recent |
| 0:39.1 | Layoff announcement |
| 0:39.9 | UPS 48,000 |
| 0:41.3 | Amazon talking about the Wall Street Journal number, right? It was like 14,000. It was something like that. Yeah, yeah. Okay. So you got recent layoff announcement, UPS 48,000, Amazon up to 30,000, so it could be 17,000, Intel 24,000, Nestle, Nestle, we've talked about already, 11,000, Ford, 11,000, Nova Nordisk 9,000, Microsoft 7,000, PWC, 5600, right? So the labor market, it says the labor marketing, labor market is clearly weakening. |
| 0:59.1 | And look, we don't have hard numbers from the Fed right now, so who knows what's happening? |
| 1:02.8 | ADP release numbers. |
| 1:04.1 | What did it say? |
| 1:04.7 | They're saying they're adding jobs in the last four weeks. |
| 1:06.8 | That's good. |
| 1:07.3 | So what is happening here? |
| 1:09.1 | They now do weekly job reports. |
| 1:11.0 | ADP job report adding jobs. |
| 1:15.0 | I think it was like 30,000 or something like that or 10,000. |
| 1:20.7 | Four week data. |
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