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The Atlantis Report, 10/13/24
"Millions Are Losing Their Jobs Right Now,
This Is The End"
"The current state of the US job market is sending shockwaves throughout the nation, unlike anything witnessed in recent memory. Reports as recent as early March highlight the unprecedented nature of the situation. Layoffs have reached levels not seen since 2009's financial crisis, painting a disturbing picture of the employment situation in 2024.
The rise of AI and automation is deepening job losses, with companies like Dropbox, Google, and IBM already announcing layoffs related to technological advancements. Business leaders are bracing for the likelihood of further layoffs in the coming year, driven by concerns about economic recession and the adoption of AI.
The economic situation is further complicated by factors such as rising interest rates and corporate debt obligations. Companies with significant debts are facing the huge task of refinancing loans at higher rates, potentially leading to more layoffs as they streamline operations to weather the financial storm."
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