in ,

Store Closures Lead To Mass Layoffs! Retail Space Ghost Town Creating Derivatives Nightmare

JOB CUTS & STORES SHUT

source

There is an obvious fact, people are here today hoping for a return to normal. In the meantime, things are changing, rapidly. Entire industries are becoming unnecessary or obsolete. Sure you can get around with a horse and buggy, but today, most people drive their car. The difference is that changes are happening so rapidly that it’s not a generational event. It’s in a matter of years or even months. Without a relatively stable transition period, many will be left out of work and the displacement will have a negative impact on certain sectors of the economy.

 

76% of American CEOs they’ll likely reduce company office space | Fortune

76% of American CEOs say they may shrink office space

Around 3 in 4 American CEOs say their company will need less office space in the future. That's the finding from a Fortune survey in collaboration with Deloitte.

Visualizing the Vacant Office Space in San Francisco

Visualizing the Vacant Office Space in San Francisco

As we noted last week, there is nearly 12 million square feet of vacant office space now spread across San Francisco, including 5.6 million square feet of un-leased space and 6.2 million square feet of space which has been leased but is now sitting vacant and actively seeking a subletter (which is up from 770,000 […]

80,000 furloughed as bus industry grinds to a halt – CNN

80,000 furloughed as bus industry grinds to a halt

Clarence Cox took over a 35-year-old motorcoach business from his father and uncle and had hopes of one day giving it to his daughters. But with a $5 million fleet parked for months during a pandemic, and no federal aid, his goal now is just to make it to the end of 2020.

Exxon Mobil ‘very close’ to disclosing U.S., Canada job cuts, says CEO

Exxon Mobil ‘very close’ to disclosing U.S., Canada job cuts, says CEO

Exxon Mobil Corp is “very close” to completing its workforce appraisals in the United States and Canada and expects to unveil job cuts, its chief executive told employees in an email on Wednesday. The job cuts are part of a plan unveiled this spring to redesign how Exxon works and to increase competitiveness, CEO Darren Woods said in an email to its nearly 75,000-person workforce.

Carter’s to close 25% of stores as leases expire | Chain Store Age

Carter’s to close 25% of stores as leases expire

Carter’s is closing a big chunk of its store base but it isn’t giving up on new store growth. The infant and young children’s clothing company operates about 850 stores in the U.S., Canada and Mexico under the Carter’s and OshKosh B’Gosh banners, including co-branded locations.

8,800 Disney part-time union workers being laid off

Disney layoffs: 8,800 part-time union workers among those being laid off

The largest Walt Disney World union announced Wednesday that 8,800 part-time union workers are among those being laid off by the company.

Dunkin’ Brands holds acquisition talks with Arby’s owner Inspire Brands

Dunkin’ Brands holds acquisition talks with Arby’s owner Inspire Brands

Dunkin’ Brands on Sunday acknowledged that it has held talks on a potential sale to Arby’s owner Inspire Brands. Karen Raskopf, chief

Cathay Pacific to cut 6,000 jobs, axe Cathay Dragon brand: SCMP

Cathay Pacific to cut 6,000 jobs, axe Cathay Dragon brand: SCMP

The airline said in June it was reviewing its strategy in light of the travel downturn, with “tough decisions” to be announced during the fourth quarter and analysts expected it would announce major job cuts. The South China Morning Post said the airline was expected to announce the job cuts on Wednesday, adding the figure had been reduced from 8,000 layoffs after government intervention.

Gap Inc. to shutter 350 stores by 2024 in plan to exit malls

Gap Inc. to shutter 350 stores by 2024 in plan to exit malls

Gap Inc. is moving away from the nation’s malls. The San Francisco-based retailer, which was for decades a fixture at shopping malls around the country, said Thursday that it will be closing 220 of its namesake Gap stores – or one-third of its store base – by early 2024.

Brain Corp Expands Commercial Relationship with Sam’s Club to Power In-Club Autonomous Robots and Connected Data Services

Brain Corp Expands Commercial Relationship with Sam’s Club to Power In-Club Autonomous Robots and Connected Data Services

SAN DIEGO, Oct. 21, 2020 /PRNewswire/ — , an artificial intelligence (AI) company creating transformative core technology in robotics, today announced that Sam’s Club is expanding its investment in BrainOS®-powered robotic solutions.

Vacancy: Prices at NY hotels down $200 with more pain to come | US & Canada News | Al Jazeera

Vacancy: Prices at NY hotels down $200 with more pain to come

More than 200 of New York’s roughly 700 hotels are closed, at least temporarily. The Midtown Hilton has been closed since March. Same for The Edition, a brand new Times Square boutique. You can get a room at the Pierre, just don’t expect the full-suite of white-glove services that have made the hotel a Manhattan landmark since 1930.

Americans Working From Home Face Internet Usage Limits – WSJ

Americans Working From Home Face Internet Usage Limits

The coronavirus pandemic led millions of Americans to turn their homes into offices and classrooms. It also forced many to change their habits to keep their internet bills in check. Shea Dunn, a data-process analyst for Target Corp. who has been working from his Minneapolis home since March, said he never had to think about his household’s internet consumption.

graph9.9-1024×545.jpg (1024×545)

No Title

No Description


HOW TO MAKE MONEY ON AMAZON – FREE eCOURSE:  http://TheAmazonGPS.com


LOOK THROUGH MY BOOKS! http://books.themoneygps.com

SUPPORT MY WORK: https://www.patreon.com/themoneygps

PAYPAL: https://goo.gl/L6VQg9

OTHER: http://themoneygps.com/donate


AUDIOBOOK: http://themoneygps.com/store

T-SHIRTS: http://merch.themoneygps.com

MY FAVORITE BOOKS: http://themoneygps.com/books


Sources Used in This Video: http://bit.ly/TheMoneyGPSSources2020


The Money GPS Easy eCourse


The Money GPS is the most active, most informative channel in the financial world. Day after day, breaking down the data and making it easy to understand. This channel is not here to help build a portfolio, give stock picks, or financial advice. It’s simply data that is generally not found through conventional means.

The stock market has risen considerably as we have watched markets attract retail investors and the computer algorithms that follow them. We are able to determine where money is moving into using the data from the EPFR and it has shown massive inflows into equities.

#money #finance #invest

Twitter          Instagram          Facebook


# T h e  M o n e y  G P S

0 0 vote
Article Rating
Help us grow. Support The Duran on Patreon!

Report

The statements, views and opinions expressed in this column are solely those of the author and do not necessarily represent those of The Duran.

What do you think?

Avatar
Subscribe
Notify of
guest
4 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
Tjoes
Tjoes
October 29, 2020

More than $700 trillion in derivatives. How much can fail before world goes into a tailspin?

COVID-19 (excess) mortalities: viral cause impossible—drugs with key role in about 200,000 extra deaths in Europe and the US alone

I’m glad Tony Bobulinski is speaking out, but…