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Tech Companies Have Laid off More Than 219,000 Workers in 2023 — But Don’t Worry, Because Biden Says the Economy Is Fine

by Michael Snyder
July 18, 2023
in Curated, Opinions
Discern Report

If you want to believe that propaganda that is coming from the Biden administration, you probably won’t want to read this article.  Joe Biden insists that “Bidenomics” is working and that a wonderful new era of peace and prosperity is just around the corner.  Meanwhile, inflation is out of control, homelessness is rising to very frightening levels, the commercial real estate market is imploding, and large companies are conducting mass layoffs all over America.  In fact, tech companies have already laid off more workers in 2023 than they did all of last year…

More than 219,000 global technology-sector employees have been laid off since the start of 2023, according to data compiled by the website Layoffs.fyi.

That number has gone up more than eightfold since mid-January, the website noted.

The data show that 2023 has easily surpassed 2022 for global tech redundancies, with 869 tech companies laying off 219,809 employees since the start of the year. Last year, 1,024 tech companies laid off a total of 154,336 employees, according to Layoffs.fyi.

For some of our largest tech companies, one round of layoffs was simply not enough.

For example, after laying off 10,000 workers earlier this year, Microsoft has decided that another round of layoffs has now become necessary…

Microsoft confirmed Monday that it’s eliminating additional jobs, a week after the start of its 2024 fiscal year.

The cuts are in addition to the downsizing announced in January that resulted in 10,000 layoffs. The software maker also disclosed a small number of cuts this time last year.

Meta, the parent company of Facebook, has already conducted three rounds of layoffs so far in 2023…

Facebook parent Meta Platforms Inc. (META) also made its latest round of layoffs in late May, according to reports, marking the tech giant’s third set of cuts this year. Meta declined to comment in response to a request from MarketWatch for confirmation of the latest layoffs. The company’s second round of layoffs in April cut technical positions, according to LinkedIn posts. Meta is in the midst of cutting 21,000 jobs in 2023 as part of what CEO Mark Zuckerberg has described as a “year of efficiency” for the company.

What we are witnessing is complete and utter carnage, but the mainstream media is not making a big deal out of all this.

After all, it wouldn’t be good to make Joe Biden look bad, would it?


  • Why We Sell Gold and Silver by Weight, NOT Based on “Rarity” or “Collectability”


But no matter what sort of positive spin the Biden administration tries to put on things, the layoffs just keep on coming.  For example, on Friday we learned that Binance has decided to give the axe to more than 1,000 highly paid workers…

Cryptocurrency exchange Binance has cut jobs just days after it was hit by a wave of executive exits, a source familiar with the matter told Reuters on Friday.

The layoffs at the world’s biggest crypto exchange come at a time when the industry’s future in the U.S. market is uncertain, with regulators aggressively clamping down on what they deem are illegal activities.

The job cuts were first reported by the Wall Street Journal, which said more than 1,000 people had been let go in recent weeks.

I could go on with example after example.

Goldman Sachs has decided to lay off workers, and so has Wells Fargo. And now that Tucker Carlson is gone, Fox News has determined that this is the perfect time to conduct “company-wide” layoffs…

Fox News is reportedly beginning “company-wide” layoffs, including of the remaining former employees of Tucker Carlson.

The development was reported on Friday by journalist and Carlson biographer Chadwick Moore, who published a screenshot of an email informing employees of the impending action.

The email ordered the recipients to turn in all company equipment and their ID badges at 9 p.m. after the conclusion of the show they were working on.

It is beginning to look a lot like 2008, and there will be so many heartbreaking stories in the months ahead.

Bankruptcies are surging, and vast numbers of businesses are starting to fail. In San Francisco, Anchor Brewery will be ceasing operations after 127 years in business, and so all of their workers will be losing their jobs…

After 127 years in business, San Francisco’s Anchor Brewing Company is shutting down.

According to a press release, the brewery has been facing challenging economic factors and declining sales since 2016.

“This was an extremely difficult decision that Anchor reached only after many months of careful evaluation,” Anchor Brewing spokesperson Sam Singer said. “We recognize the importance and historic significance of Anchor to San Francisco and to the craft brewing industry, but the impacts of the pandemic, inflation, especially in San Francisco, and a highly competitive market left the company with no option but to make this sad decision to cease operations.”

But even though they can see what is happening, officials at the Federal Reserve just keep telling us that more interest rate hikes are coming.

They insist that they can dramatically hike interest rates and engineer a “soft landing” for the economy at the same time, but many are skeptical of this claim…

Can the Federal Reserve navigate a narrow path and slay price inflation while steering the economy to a soft landing?

During an interview on CNBC Squawk Box, financial analyst Jim Grant expressed his doubts.

He compared Jerome Powell’s task to Captain Chelsey Sullenberger’s when he was forced to land a US Airways plane on the Hudson River after an inflight emergency, noting Powell is “no Sully.”

Grant went on to explain that even if things don’t look so bad right now, rivets are popping in the economy.

Yes, rivets are definitely popping, and things are only going to get worse in the months ahead.

Promised Grounds Christmas

But just like Joe Biden, officials at the Fed insist that everything is just fine.

In fact, the Federal Reserve says that Taylor Swift is boosting the U.S. economy all by herself.

Apparently her concert tour is so popular that it is greatly energizing the local economy at each stop.

Good for her.


  • Why Stocking Up on “Survival” Food Is Essential Today


But Taylor Swift is not going to save us from what is coming.

Neither is Joe Biden.

The truth is that the U.S. economy is already starting to come apart at the seams, and the layoffs that we have seen so far are just the tip of the iceberg.

Michael’s new book entitled “End Times” is now available in paperback and for the Kindle on Amazon.com, and you can check out his new Substack newsletter right here.

Geopolitical turmoil has prompted price hikes for long-term storage survival food. Heaven’s Harvest is the exception because their all-American food is sourced locally. Use promo code “Patriot” for a nice discount today!

Article cross-posted from The Economic Collapse Blog.

Discern Report





Three Reasons a Coffee Gift Set From This Christian Company Is Perfect for Christmas

Promised Grounds Gift Pack

When you’re searching for a Christmas gift that’s meaningful, useful, and rooted in faith, you don’t want to settle for anything generic. This season is filled with noise — mass-produced products, last-minute picks, and trends that fade as quickly as they appear. But one gift stands apart because it blends genuine quality with a message that matters: a coffee gift set from Promised Grounds Coffee.

This small Christian-owned company has become a favorite among believers who want to support faith-driven businesses while giving friends and family something they’ll actually enjoy. Here are three reasons a Promised Grounds Coffee gift set may be the most thoughtful and impactful present you give this year.

1. It’s Truly Delicious Coffee

Too many “gift-worthy” coffees look beautiful in the package but disappoint when the cup is poured. Promised Grounds takes the opposite approach — exceptional taste first, thoughtful presentation second.

Their beans are sourced with care, roasted in small batches, and crafted to bring out a rich, smooth flavor profile that appeals to both casual drinkers and true coffee lovers. Whether someone enjoys bold, dark roasts or lighter, more delicate blends, every sip reflects quality that stands shoulder-to-shoulder with the biggest specialty brands.

Simply put: this coffee is good. Really good. Some say it’s absolutely fantastic. If you want a gift that won’t be re-gifted, ignored, or shoved in a cabinet, this is it.

2. It Spreads the Word While Serving a Real Purpose

There are many Christian gifts that are meaningful… but not exactly practical. There are also useful gifts that have nothing to do with faith. Promised Grounds Coffee bridges both worlds beautifully.

Each gift set delivers an encouraging, faith-centered message through its packaging and presentation — a simple but powerful reminder of God’s goodness during the Christmas season. The cups are especially popular and serve as a daily reminder of the blessings from our Lord. At the same time, the product itself is something people will actually use and appreciate every single day.

It’s a gift that uplifts the spirit and fills the mug. A gift that points loved ones toward Scripture while still being part of the normal rhythm of life. And in a culture that increasingly pushes faith to the margins, giving a gift that quietly but confidently honors Christ can make a deeper impact than you might expect.

3. It’s Affordable, Valuable, and Elegantly Presented

Many people want to give something meaningful without breaking their Christmas budget. Promised Grounds Coffee strikes that perfect balance — the sets look and feel premium, but the price remains accessible.

The packaging is classy, clean, and gift-ready, making it ideal for:

  • Family members of all ages
  • Co-workers or employees
  • Church friends or small-group leaders
  • Hosts, neighbors, and last-minute gift needs

It’s the kind of gift that feels more expensive than it is — and more thoughtful than most of what you’ll find on store shelves.

The Perfect Blend of Faith, Flavor, and Christmas Cheer

A coffee gift set from Promised Grounds Coffee checks every box: a gift that tastes amazing, conveys your faith, supports a Christian business, and brings daily enjoyment to the person who receives it. In a season when so many gifts are forgotten, this one stands out for all the right reasons.

If you want a Christmas present that reflects your values and delivers genuine joy, Promised Grounds Coffee is the perfect place to start.

Tags: EconomyJobsJoe BidenLedeStickyTech IndustryThe Economic Collapse BlogTop StoryUnemployment
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Comments 1

  1. StarGladiator says:
    2 years ago

    May be the last generation of tech workers in America, although too many have been involved with surveillance snd CENSORSHIP!

    Washington state has adopted EQUITY grading now, Jose and Ali to get A’s instead of D’s or E’s and the school systems in Seattle, Vancouver and North Shore have been destroyed by their dropping AP classes and gifted programs in the academic race to the bottom, while simultaneously adopting adult sex education/gender ideology indoctrination programs at the pre–K, and K–8 levels!

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