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‘Really Hurting’: U.S. Job Cuts Surge to Decades-Level High Amid Trump Recession Fears

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Employers have cut over one million jobs so far this year, with announced layoffs surging in October to levels not seen in decades. Some experts have been warning about a possible recession.

“U.S. employers have announced 1.1 million layoffs so far this year — the largest reading since the pandemic recession and on par with 2008 and 2009 job cuts during the Great Recession,” The Washington Post reported on Thursday, pointing to a report from Challenger, Gray & Christmas, which tracks workplace reductions.

Major corporations have cut or are reportedly planning to cut thousands of positions this year:

UPS: 48,000 employees
Amazon: Up to 30,000 employees
Intel: 24,000 employees
Microsoft: 15,000 employees
Target: 1,800 employees

READ MORE: Democratic Rep. Interrupts Speaker Johnson — Accuses Him of ‘Lies’ 

“Employers announced more than 153,000 job cuts last month, a 183 percent increase from the month before, marking the worst October for layoffs since 2003,” the Post reported, citing data from the Challenger report.

“The worst October in 22 years” is how CNN reported the news.

“We’re entering new territory with these layoffs in October,” Challenger CEO John Challenger told the Post. “We haven’t seen mega-layoffs of the size that are being discussed now — 48,000 from UPS, potentially 30,000 from Amazon — since 2020 and before that, since the recession of 2009. When you see companies making cuts of this size, it does signal a real shift in direction.”

Amid the job cuts, the “AI bubble,” President Donald Trump’s massive deportations and tariffs, record-high household debt, climbing automobile payment and consumer loan delinquencies, some believe a recession may be in America’s future.

Employment has stalled, companies are announcing massive layoffs to appease Wall Street, and car repossessions just reached 2009 (recession) levels,” wrote economics professor and managing director of an economic consulting firm, Hal Singer, just last week. “The GDP numbers mask real suffering in the economy. And the only fiscal tool in the Trump policy kit are tax cuts for the wealthy. This could get ugly.”

Late last month Moody’s Analytics Chief Economist Mark Zandi said 22 U.S. states are already in a recession, Moneywise reported.

READ MORE: ‘Sedated and Seduced’: Fox Host Erupts Over ‘Chameleon’ Mamdani and His One Million Voters

“While Zandi did emphasize that the U.S. is not in a recession just yet, he told MarketWatch that ‘we’re on the precipice,’ blaming much of the problem on President Trump’s tariffs and federal job cuts.”

“A growing number of states are struggling, some already in recession, others right on the edge,” Zandi wrote. “Together, they account for nearly a third of U.S. GDP. The national economy isn’t there yet, but it’s clearly losing steam.”

Pointing to a list of ten major corporations’ jobs cuts, U.S. Senator Elizabeth Warren (D-MA) last week  declared, “This is Donald Trump’s economy.”

CNN Thursday morning reported that a “brand new report is out … and it shows layoff announcements hit their highest level for October in over 20 years.”

“It’s painting a picture of a job market that is really hurting,” CNN’s Matt Egan noted.

RELATED: Trump to Talk About Cost of Living Next Year White House Says

 

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‘Grifters’: A MAGA Civil War Is Eating Away at Its Own Power

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A MAGA “civil war” is playing out across the right-wing ecosystem, sapping attention from the ideas that once powered the base and held GOP leaders to power. Now, the movement appears more consumed by infighting than achieving political goals.

MAGA is being drained of “its political muscle, leaving it defenseless as the Trump administration revisits policies previously opposed by the base,” according to Axios. The strength of MAGA “lies in its ability to rally influencers, politicians and activists behind a hard-charging conservative agenda.” But that “superpower is faltering amid a cascade of bitter personal feuds.”

The National Pulse’s editor-in-chief Raheem J. Kassam told Axios, “There’s no focus on anything philosophical or even ideological right now.”

READ MORE: ‘Where Is Antifa Headquartered?’: FBI Official Struggles Defending Top Threat Label

“It’s all just a cacophony of grifters tussling over audience and ego,” Kassam said. “So, corporate America gets to wield power with the admin virtually unencumbered by scrutiny from the base.”

Serving up a series of examples, Axios reported that on issues such as artificial intelligence, marijuana, Venezuela, and redistricting — all of which “would have triggered significant MAGA backlash” earlier — there has been “mostly crickets.”

Trump reportedly will loosen federal regulations on marijuana soon — an act that once would have attracted MAGA influencers to scream about “pothead culture,” Axios noted. This time, however, the news “barely made a ripple on right-wing social media.”

The “America First” president seizing a tanker loaded with Venezuelan oil and refusing to rule out boots on the ground to overthrow the Maduro regime “barely pinged on MAGA’s radar.”

MAGA influencer CJ Pearson told Axios that “the movement is wholly consumed right now on personality clashes. That is a recipe for electoral doom, and it’s unfortunate to see the unity that we saw after Charlie [Kirk]’s death dissipate so quickly.”

READ MORE: ‘His Heart Just Ain’t in It’: Report Reveals Trump’s ‘Achilles Heel’

 

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‘Political Vendetta’: DOJ Blasted for Suing Fulton County Amid Debunked Fraud Claims

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President Donald Trump’s Department of Justice has filed a lawsuit against Fulton County, Georgia, demanding records related to the 2020 election he lost to Joe Biden.

Trump “has increasingly pressured his administration to find widespread voter fraud in the 2020 election, despite those claims having been debunked and dismissed in dozens of cases by the courts,” The Washington Post reported.

The lawsuit calls for Fulton County to hand over to DOJ “all used and void ballots, stubs of all ballots, signature envelopes, and corresponding envelope digital files from the 2020 General Election in Fulton County.”

READ MORE: ‘Wall of Resentment’: Trump’s ‘Affordability Weave’ Isn’t Working Says Columnist

Assistant Attorney General Harmeet Dhillon, according to the Post. “indirectly and without evidence accused Georgia officials of ‘vote dilution'” in a statement.

“States have the statutory duty to preserve and protect their constituents from vote dilution,” Dhillon said.

“At this Department of Justice,” Dhillon added, “we will not permit states to jeopardize the integrity and effectiveness of elections by refusing to abide by our federal elections laws. If states will not fulfill their duty to protect the integrity of the ballot, we will.”

Trump in a recorded telephone call told Georgia Secretary of State Brad Raffensperger in January 2021, “All I want to do is this. I just want to find 11,780 votes, which is one more than we have. Because we won the state.”

READ MORE: Trump Is the ‘Biggest Security Threat’ Facing America: Columnist

Two years later, a Georgia grand jury indicted Trump on racketeering charges. The case ultimately was recently dismissed after setbacks and that Trump, having since become a sitting president, could not be indicted.

Democracy Docket, which covers voting rights, elections, and the courts, called the move “a major escalation in the Trump administration’s dangerous effort to revive President Donald Trump’s fraudulent claims that the election was stolen.”

The news site also reported that Kristin Nabers, the state director for All Voting is Local, said in a statement: “This administration’s unending obsession with the 2020 election results in Georgia uses outright lies to compensate for the fact that they lost.”

“With this terrible overstep of power, the DOJ is now weaponizing laws meant to protect voters for their political vendetta,” Nabers added.

Larry Sabato, Director of the University of Virginia’s Center for Politics called it “More insane nonsense.”

READ MORE: ‘Where Is Antifa Headquartered?’: FBI Official Struggles Defending Top Threat Label

 

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‘Wall of Resentment’: Trump’s ‘Affordability Weave’ Isn’t Working Says Columnist

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President Donald Trump’s “signature” weave — where he goes off-script and off-topic — is not working for Americans when it comes to affordability.

That’s according to CBS News correspondent John Dickerson, writing at The Atlantic.

His weave was “on display” this week during a speech that the White House promoted as focused remarks on the economy, but his comments included, Dickerson noted, “the topics of tariffs, U.S. Steel, fracking, wind turbines, electric-vehicle mandates, immigration, crime, gender policies, Obamacare, the Fed, his election victories, rare-earth negotiations, a D.C. terror attack, and ‘the lips that don’t stop’ of White House Press Secretary Karoline Leavitt.”

READ MORE: Trump Is the ‘Biggest Security Threat’ Facing America: Columnist

The problem, he noted is, “now that the engine of the U.S. economy is smoking, the American people are looking for a technician, not an improv comic.”

Trump is hitting “a wall of resentment,” according to Dickerson, who pointed to a Politico poll which, he noted, found that “nearly half of voters—including 37 percent of Trump’s own 2024 coalition—said that the cost of living is the ‘worst they can ever remember.'”

There’s more.

“Only 31 percent of U.S. adults now approve of how Trump is handling the economy, a new AP/NORC poll found, down from 40 percent in March,” he reported. “It’s the lowest economic approval that AP/NORC has registered in either of Trump’s two terms. In a recent CBS News/YouGov survey, a majority of respondents said that his policies are driving up food and grocery prices.”

During times of crisis other presidents have worked to get results:

“Franklin D. Roosevelt passed 15 major bills in 100 days. Ronald Reagan, in the teeth of double-digit unemployment, pushed for sweeping tax cuts week after week. Bill Clinton built an economic ‘war room’ before he even took office, and his team introduced what has now become a political cliché: focusing ‘like a laser beam’ on the economy. Barack Obama instituted a morning economic briefing that put the issue on par with national security. Each practiced the same principle: If you can’t solve the problem fast, at least get caught trying.”

READ MORE: ‘Where Is Antifa Headquartered?’: FBI Official Struggles Defending Top Threat Label

He say that now, Trump is trying. “Kind of.”

Despite talking about “affordability” during his Pennsylvania speech, he also knocked it.

“The president’s most focused message on affordability is that affordability concerns are a hoax. He used that word, or an equivalent, several times on Tuesday, as he has in Oval Office remarks, in a Cabinet meeting, and on social media.”

The “unavoidable truth, no matter how hard you weave,” Dickerson wrote, is that “his argument is weak because he has to overcome people’s lived experience.”

READ MORE: ‘You’re a Loser Dude’: Carville Scorches Trump as ‘Done’

 

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