WSJ declares the "era of the megalayoff."
That this "new template for ‘right sizing’ the workforce is spreading."
In other words, the ruling class intends to impose mass unemployment on an unprecedented scale, with massive pay & benefit cuts, speed-ups, and longer hours for everyone else.
150,000 laid off in 2025, just in the U.S.
90,000 so far in 2026:
*30,000 fired from Oracle
*18,500 fired from Amazon
*14,000 canned from Nokia
*5,100 axed from Block (40% of their workforce)
Corporate debt is now over $14 billion just in the U.S., with Amazon, Alphabet, Meta, Microsoft & Oracle expected to take on another $175 billion in new debt this year just to finance their AI orgy, which will likely lead to increased productivity & profits, and the elimination of even more jobs.
Meanwhile, we've got the big unions cutting sellout deals with the bosses, telling members there's no other choice but to pay ever increasing amounts of our paychecks for healthcare premiums, that we're lucky to get 1-2% raises, far below the rate of inflation, when others are getting canned or taking pay cuts.
https://www.wsj.com/business/has-the-era-of-the-mega-layoff-arrived-928f061d
https://skillsyncer.com/layoffs-tracker
#workingclass #LaborHistory #classwar #unemployment #oligarchy








