U.S. Companies Plan over 400K Layoffs as Democrats Claim Business Needs More Foreign Workers to Hire
Companies in the United States have announced, so far this year, more than 400,000 layoffs — more than the layoffs announced in all of last year. The job cuts come as Democrats, on behalf of business special interests, demand more foreign competition in the labor market for employers to hire.
The employment data, collected by Challenger, Gray & Christmas Inc. and published in Bloomberg, shows that roughly 417,500 layoffs have been announced from January through May by U.S. companies across sectors such as technology, banking, retail, and media, among others.
Compare those announced layoffs in just the first five months of this year to the 364,000 total layoffs announced in all of 2022. In tech, there have been almost 140,000 layoffs announced this year so far. This is only slightly fewer than the 169,000 layoffs in tech in 2001.
“Companies cited economic conditions and cost-cutting for more than half of the layoffs announced this year,” Bloomberg noted.
At the same time, Democrats across the U.S. have suggested that business special interests complain about so-called labor shortages and thus the tens of thousands of border crossers and illegal aliens that President Joe Biden’s administration is admitting into the nation every month ought to be given immediate work permits.
“We have one message, let them work,” New York City Mayor Eric Adams (D) told the Biden administration last month of the thousands of migrants who have arrived in the city since last year. “That is our clear message that we are sending. We must expedite work authorization for asylum seekers, not in the future, but now.”
New York Gov. Kathy Hochul has issued similar sentiments.
“… at the same time, we have this historic labor shortage, we also have this unprecedented influx of individuals arriving in New York — all of them legally seeking asylum,” Hochul said. “They’re eager to work, they want to work, they came here in search of work.”
https://www.breitbart.com/politics/2023/06/04/u-s-companies-plan-400k-layoffs-democrats-claim-business-needs-more-foreign-workers-hire/