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This is just the end of the deferred resignation program they offered back in May or June or whatever. These people have been gone for months, they’re just not getting paid anymore starting tomorrow.
Well, this is a big accelerant to the downward trajectory of the US economy.
100k people who won’t be able to afford to pay their bills soon.
Most of them had ample time to find a new job, and I can’t work up much sympathy for the people who took the program without any other prospects.
You’d think they would have time but the market the past ~18 months or so has been absolutely brutal. My wife is 1 year without a job. My brother is 2 years without a job (aside from a stint at dominos.)
HR and Dev.
The roles my wife keeps getting end up disqualifying her salary wise. She was making over 100k before in her last two roles. Now everything wants to pay 50-60k for Boston based labor in places that are a nightmare commute like boston’s seaport (no public transit, snow for 3 months of the year, no free parking and typically $400+/mo parking costs.) They’re all ass in chair based roles with 5 on site expectations too, where in the past it was typically 2-3 days on site.
Fresh grads basically can’t get jobs nowadays so the desperation drives down wages, meanwhile rents are basically static and other costs of living keep on rising.
Mmm jobs numbers and unemployment numbers will love that. Sure all that not getting paid will definitely help them contribute to the economy. Yep.