31–40 of 593 posts
I’ve been checking layoffs.fyi every day and it is incredibly bleak
And as far as I can tell that’s America only, nevermind Europe and Australia...
I’ve been checking layoffs.fyi every day and it is incredibly bleak
This is looking 2001-dot-com-crash bad, but much, much faster. It's worth remembering there are plenty of companies not laying people off, and "normal" will return eventually. That said, I was watching The Big Short yesterday, and a line that I had noted before haunted me even more: "For every 1% unemployment goes up [in the USA], 40,000 people die". Stay safe, stay positive.
> Results
> Overall, during the recent recession, an increase of one percentage point in the standardised unemployment rate has been associated with a statistically significant decrease in the following mortality rates: all-cause-mortality (3.4%), cardiovascular diseases (3.7%), cirrhosis- and chronic liver disease-related mortality (9.2%), motor vehicle accident-related mortality (11.5%), parasitic infection-related mortality (4.1%), but an increase in the suicide rate (34.1%). In general, the effects were more marked in countries with lower levels of social protection, compared to those with higher levels. Conclusions
> An increase in the unemployment rate during the Great Recession has had a beneficial health effect on average across EU countries, except for suicide mortality. Social protection expenditures appear to help countries “smooth” the health response to a recession, limiting health damage but also forgoing potential health gains that could otherwise result.
https://www.sciencedirect.com/science/article/pii/S009174351...
Earlier quoted context omitted.
This is looking 2001-dot-com-crash bad, but much, much faster. It's worth remembering there are plenty of companies not laying people off, and "normal" will return eventually. That said, I was watching The Big Short yesterday, and a line that I had noted before haunted me even more: "For every 1% unemployment goes up [in the USA], 40,000 people die". Stay safe, stay positive.
> "For every 1% unemployment goes up [in the USA], 40,000 people die". I have seen that line too, but I wonder how substantiated this is? Is there any data to support it?
1. https://www.ncbi.nlm.nih.gov/pmc/articles/PMC3070776/#R41
2. https://www.ncbi.nlm.nih.gov/pmc/articles/PMC3070776/#R65
Can someone please change the title of this - just as with other similar posts - to use "laid-off" instead of "fired"? Regardless of how loose some may be with language, there's a clear distinction between these terms. For example, my home state's Employment Security Department: https://esd.wa.gov/unemployment/laid-off-or-fired Given that there are non-US readers here, maybe there's another pair of phrases that Hacke…
Earlier quoted context omitted.
And as far as I can tell that’s America only, nevermind Europe and Australia...
Australia apparently saw a minor rise in employment[0] for now. https://www.msn.com/en-us/finance/markets/australia-unexpect...
To quote, "all jobs are essential services".
I’ve been checking layoffs.fyi every day and it is incredibly bleak
What I don't quite understand is why startups who either just received funding or companies who were doing reasonably well decide to do mass layoffs during economic downturns? I mean they provide $reasons but I have a hard time taking them at face value.
- A lot if them are not profitable. - They don't know how long this will last. - Many planned on growing into profitability over n months and expected they could raise more money if needed. - Now, there is no growth for many and contractions. - Investment money is drying up - they might not have 2 years at their current burn rate to get to profitable status.
In the end, it can be about survival. Their pre coronavirus burn rates are not sustainable. Of course, for some, it is also a continent way to shed staff who appear to be underperforming, freeze raises, and ask more of their employees.
I’ve been checking layoffs.fyi every day and it is incredibly bleak
This is looking 2001-dot-com-crash bad, but much, much faster. It's worth remembering there are plenty of companies not laying people off, and "normal" will return eventually. That said, I was watching The Big Short yesterday, and a line that I had noted before haunted me even more: "For every 1% unemployment goes up [in the USA], 40,000 people die". Stay safe, stay positive.
> Did the Great Recession affect mortality rates in the metropolitan United States? Effects on mortality by age, gender and cause of death.
> Our finding that all-cause mortality decreased during the Great Recession is consistent with previous studies.
And yes some specific mortality like cancer did increase because of the broken -- profit based -- health care system. But otherwise, no.
Can someone please change the title of this - just as with other similar posts - to use "laid-off" instead of "fired"? Regardless of how loose some may be with language, there's a clear distinction between these terms. For example, my home state's Employment Security Department: https://esd.wa.gov/unemployment/laid-off-or-fired Given that there are non-US readers here, maybe there's another pair of phrases that Hacke…
In some companies it feels like they are firing the people that they could not easily get rid of otherwise - cutting of the bottom 25% of staff (based on low performance reviews or personal grudges).
In some companies it feels like they are firing the people that they could not easily get rid of otherwise - cutting of the bottom 25% of staff (based on low performance reviews or personal grudges).