Job Cuts

Google Revenue up 20%, Profit up 25%, Employment up 10,000

Despite growing Silicon Valley tech layoffs, and disappointing third quarter performance from Apple and Twitter, Google’s parent, Alphabet, reported an annual 20 percent revenue surge, 25 percent earnings spike, and 10,000 additional employees.

Google is one of several multi-national corporations that have come under fire in Europe for paying low taxes by shifting revenue across borders

Silicon Valley Job Cuts Double in 2016

Cisco Systems, Inc. announced August 17 that it will slash 5,500 jobs. The cuts are consistent with Silicon Valley tech terminations running almost double the pace of 2015.

The Associated Press

After Minimum Wage Hike, UC Berkeley Cuts 500 Staff

On Monday, University of California Berkeley chancellor Nicholas Dirks announced that the educational institution will be eliminating 500 jobs over the course of two years, which will wind up saving an estimated $50 million.

UC Berkeley Black Lives Matter / Million Student March (Joel Pollak / Breitbart News)

President Obama’s Economy Faces Thousands of Looming Layoffs

The Obama economy is facing thousands of looming layoffs, according to multiple media reports. For example, the Associated Press reports ConocoPhillips is expected to layoff roughly 1,810 employees — 10 percent of its workforce — due to a decrease in oil prices, which are nearing all time lows.

AP Photo/Paul Sakuma