Christmas and New Year's holidays will be especially hard for some workers this year as companies announce layoffs.
Companies Laying Off Workers Before the Holidays
General Motors
GM is laying off 1,300 employees in Detroit.
GoPro
The company is shutting down its entertainment unit which resulted in 200 layoff notices at year end.
The Limited
The company has told all of its 248 workers in New Albany, Ohio that their jobs are on the chopping block.
Airbus
The company announced 1,100 jobs cuts before the holidays.
More Layoffs to Come in 2017
General Motors
GM will lay off another two thousand employees. To adjust an over-supply of autos the company has announced it will shutdown 5 U.S. plants in January.
Boeing
After laying off thousands of workers in 2016, Boeing plans to continue cutting jobs in its commercial airplane unit in 2017.
Xerox
Due to company restructuring 39,000 employees in the company's legacy copier business will potentially be impacted.
Caterpillar
During Obama's great economic recovery (as touted by the main stream media) Caterpillar has had 4 straight years of year-over-year monthly world retail sales decline.
Last week the company announced it will be issuing another round of pink slips to employees.
Sources:
6 companies planning holiday layoffs, 20 December 2016
Thousands of Americans face layoffs before the holidays, 20 December 2016
US Government Used Retail Estimates For The Holiday Season, The Economy Is Tanking - Episode 1157a, X22Report YouTube Video, 20 December 2016
Caterpillar Posts Record 48 Consecutive Months Of Declining Retail Sales, 20 December 2016