| Our mission is to help you conquer the markets, so when we see something that we think will help you do that ... we pass it along (even if their opinion is different than our own). Check out the below opportunity from Stansberry Research ... we know you'll like it. Biggest Job Cuts in Decades Coming? Dear Loyal Reader, Have you seen the massive number job cuts taking place right now in the tech industry? Money manager Charlie Bilello posted a list recently, and the numbers are stunning… - Twitter is cutting 50% of its workforce (about 3,700 jobs).
- Facebook is cutting 11,000 jobs--its largest round of layoffs ever.
- Snap is cutting 20% of its workforce (1,200 jobs).
- Shopify is cutting 10% of its workforce (1,000 jobs).
- Netflix cut 450 jobs.
- Microsoft and Salesforce are each cutting 1,000 jobs.
- Robinhood is cutting 31% of its workforce.
- Tesla is cutting 10% of salaried workers.
- Lyft is cutting 13% of its workforce (700 jobs).
- Redfin is cutting 13% of its workforce.
- Coinbase is cutting 18% of its workforce (1,100 jobs).
- Stripe is cutting 14% of its workforce (1,000 jobs).
And in addition to these massive cuts, Bilello says Amazon has announced a hiring freeze, Apple has paused almost all hiring, and Google is reducing new hiring by 50%. But here’s the really scary part… According to Bill Bonner, a 73-year-old, ultra-successful entrepreneur, who’s companies employ thousands of people around the world, these layoffs are just getting started… and just the beginning. In fact, Bonner says the next phase of this crisis is going to come from a place few people are even thinking about right now. Bonner says what’s looming close on the horizon will catch almost everyone by surprise, and could lead to some very difficult years in American history. I strongly encourage you to check this out. You’re unlikely to hear this message anywhere else, and the mainstream press likely won’t report on it for many months to come, when it’s far too late. Get the facts, and don’t get caught flat-footed. Bonner says there are 4 critical steps every American should take immediately to prepare for what’s to come. Massive layoffs and collapsing stock prices are just the beginning. We are in a very strange period of time in America right now… and Bonner says it’s about to get worse. We’ve posted Bonner’s Warning (plus his 4 recommended steps) on our website. Click here to view it for free… Sincerely, Mike Palmer Founding Partner, Stansberry Research Legal Notice: This work is based on what we've learned as financial journalists. It may contain errors and you should not base investment decisions solely on what you read here. It's your money and your responsibility. Nothing herein should be considered personalized investment advice. Although our employees may answer general customer service questions, they are not licensed to address your particular investment situation. Our track record is based on hypothetical results and may not reflect the same results as actual trades. Likewise, past performance is no guarantee of future returns. Certain investments carry large potential rewards but also large potential risk. Don't trade in these markets with money you can't afford to lose. Money & Markets permits editors of a publication to recommend a security to subscribers that they own themselves. However, in no circumstance may an editor sell a security before our subscribers have a fair opportunity to exit. Any exit after a buy recommendation is made and prior to issuing a sell notification is forbidden. The length of time an editor must wait after subscribers have been advised to exit a play depends on the type of publication. (c) 2022 Money & Markets, LLC. All Rights Reserved. Protected by copyright laws of the United States and treaties. This Newsletter may only be used pursuant to the subscription agreement. Any reproduction, copying, or redistribution, (electronic or otherwise) in whole or in part, is strictly prohibited without the express written permission of Money & Markets. P.O. Box 8378, Delray Beach, FL 33482. (TEL: 800-684-8471) Remove your email from this list: Click here to Unsubscribe. | | | |
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