Airlines, Disney, Banks, Big Oil, Mass Layoffs & Job Cuts: And The Worst is Yet to Come! - Must Video

The Atlantis Report

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The country is facing financial Abyss. The pandemic has crippled tourism, retail, and the travel sector. The damage could last years, and layoffs, service cuts, and added debt are all on the table. I guess America can thrive off of massive job losses, record bankruptcies, record loan defaults, and a dead economy in free fall. Historic GDP drop and an economic

FREE-FALL and the stock market tears are higher… wow!

Just amazing, and the STOCK MARKET BOOM CONTINUES!!! 

100% BULLISH for the multi-billionaires and trillion-dollar companies.

Stocks only go up.

WOW!

As the layoff moratorium ends, the stimulus talks stalling again, and the second wave of the downturn (Depression) has begun, big companies are laying off thousands of workers. 

A  massive layoff wave continues and is turning into a devastating Tsunami. Temporary layoffs becoming permanent job losses. Another flurry of bankruptcies and permanent closures is expected as cold weather arrives.
 

Shell and Continental announcing thousands of layoffs, and Goldman Sachs Group, Allstate, and Marathon Petroleum each announcing layoffs on Wednesday—just a day after Walt Disney said it would lay off 28,000 employees across its parks.

Marathon Petroleum to lay off more than 2,000 employees, Shell plans to cut 9,000 jobs. KPMG will be eliminating 1,400 jobs.

Goldman Cuts 400 Jobs. They don’t need that many employees to count the stock buybacks.
The retail store closings in the US reaching a record in the first half of 2020, and the year is on pace for record bankruptcies and liquidations, The Wall street journal reports. Bankruptcies in the New York City region have surged 40% during the pandemic, according to Bloomberg. New York City will face an extended financial crisis, the likes of which have not been seen since the 1970s.

The airlines too are starting massive layoffs.

American Airlines and United Airlines plan to furlough a combined 50,000 workers starting today.
If congress bails these companies out again, there need to be some strings attached. Take the average wage of all airline employees, from bag handlers to pilots. That should be the CEO’s and all upper management compensation until the loan is paid back. 

No 12 million dollar salary for Doug Parker. Also, no stock buybacks using borrowed money.

American Airlines CEO Doug Parker said that if Washington comes up with a deal with $25 billion for airlines over the next few days, the company will reverse 19,000 furloughs set to begin Thursday and recall the workers.
25 billion dollars! For Nineteen thousand workers that are approx 1.3 million per worker! I would rather give each worker $100,000.

The employees would be better off with direct payments from the government, bypassing bailouts for the airlines completely.

Let’s face it ;95% of profits over ten years from the airlines went to buybacks.

We shouldn’t give them a dime.  The executive suite should be fired first, right off the roof.

There is good debt, and then there is bad debt. This is the epitome of bad. The airlines and other companies have been raising money any way they can just to burn it.

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