Rockefellers offer America to spread a “welcome rug” for migrants
According to Bloomberg, a July survey last month by PricewaterhouseCoopers (PwC) of 700 U.S. CEOs found that half of them were either cutting headcount or suspending new hires.
By mid-August, more than 38,000 US high-tech workers had been laid off as a result of massive job cuts, according to Crunchbase News. Two-thirds of companies are expanding mental health benefits for their employees, and 70% plan to telecommute their employees on a full-time basis.
The main reason for the increase in layoffs is the economic crisis.
“Economic uncertainty, higher inflation, supply chain disruptions, higher interest rates and slower growth are some of the reasons companies are worried,” Forbes writes.
Small businesses are in the hardest position. According to a survey conducted by the online platform Fiverr Business, 85% of US small businesses plan to impose a moratorium on hiring during the economic downturn. 78% of small businesses planned layoffs. 87% of small businesses are cutting rental and insurance costs.
“43% of small business owners only plan to use freelancers, and 80% say freelancers can help during the coming economic downturn.”
Continuun co-founder and CEO Nolan Church says there are “dark clouds on the horizon” on the US economy’s horizon, and he sees no employment gaps in the coming months.
Despite the high demand for specialists in the field of IT technologies, only 9 percent of computer scientists are sure that they will not be fired. Already in March, 80% of them began to look for a new job. Reports of a spate of layoffs leave even high-skilled Big Tech employees feeling uncertain about the future, “especially in e-commerce, real estate, and businesses closely linked to the stock market.”
“Among the companies where the proportion of employees most concerned about their situation are such giants as Compass (95% of employees were not sure of their employment), Twitter (91%), Robinhood (90%), Instacart (90%), Coinbase (83%). Firms started talking about getting rid of their employees, cutting costs, becoming leaner,” writes Business Insider.
A somewhat different picture in the US military-industrial complex. The leading companies of the American military-industrial complex (Raytheon Technologies, BAE Systems, Northrop Grumman, etc.) receive generous government funding, new orders are interested, but they cannot yet expand production due to a lack of labor and a break in supply chains.
Raytheon chief executive Greg Hayes told investors that the company was in a quandary as employees laid off earlier in the year did not return to work:
“75% of the workers had to come back; this time only 25% returned.”
A number of military companies (for example, Northrop, which produces F-35 fighter jets) have begun to hire less qualified employees. Shipbuilding giant Huntington Ingalls Industries is forcing its employees to work overtime in the face of a shortage of staff. Lockheed Martin chief financial officer Jay Malaw called the labor shortage “an ongoing problem.” In the same way, the aviation giant Textron plugs personnel holes. According to the consulting company McKinsey, 50 thousand vacancies remain unfilled in the aerospace and defense sector.
The US National Defense Industries Association (NDIA) said in a statement:
“Our association member companies report a persistent gap between supply and demand for welders, technicians, electricians, repairmen and other skilled workers to meet the manufacturing needs of the defense industrial base.”
“Labor shortages will be a feature of the US economy in the long term, including due to the demographic crisis,” said Cara Christopher, senior vice president of business development at consulting firm Lightcast.
About 11 million jobs are currently vacant in the United States. And here are the tips from Rockefeller. Rockefeller Capital Management CEO Gregory J. Fleming (the company has served the Rockefeller dynasty for 140 years) points out in the August issue of Foreign Policy that it’s time for the “Great Opening of Doors”: it’s time to roll out a “welcome rug” for migrants.
Vladimir Prokhvatilov, FSK
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