Job Cuts

Nolte: 7,700 Media Jobs Slashed This Year

Business Insider reports 7,700 people lost their media jobs this year, which is more — a lot more — than the 5000 who lost their media jobs over the four years between 2014 – 2017.

In original photo, President Donald J. Trump talks with reporters along the South Lawn of the White House Wednesday, Oct. 31, 2018, prior to boarding Marine One to begin his trip to Fort Myers, Fla. (Official White House Photo by Joyce N. Boghosian)

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