As we close out February 2025 there has been a huge uptick in two disturbing tends. One is obviously the amount of layoffs and firings happening across the country and the other is the government stopping investigations. Whether it be the SEC or CFPB, the government is pulling back on investigations of wrongdoing and letting corporations off the hook.
Stock market drops another 200 points.
Americans filing for unemployment hits a 3 month high as of last week however more layoffs continue to be announced. Lyondell Basell Industries laying off 86% of workforce at Houston refinery. Pepsi laying off 300 workers in a town of only 10,000 people. Southwest Airlines cutting 15%, the first time in company history they are laying off people. As previously announced META cutting 5%; Jeff Bezos' Blue Origins cutting 10%; Estee Lauder cutting 7,000 jobs, Salesforce cutting 1,000. Denny's closing more locations.
Steve Madden shoes announces plans to increase prices. This after toy company Mattel previous announced price increases on Barbie and Hot Wheels.
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