Major layoffs announced at Proctor & Gamble

[Anonymous]

https://www.ft.com/content/a1bf888d-f5f4-4790-87a6-4afdbd906cb5?utm_source=Paiger&utm_medium=Referral

Scary news, will be slashing 7,000 non-manufacturing jobs in next 2 years

For an industry that is supposed to be ``safer'' than tech, media etc in terms of layoffs, how is the next gen of workers going to know what do do?

- Signed from a mom of 2 upcoming college grads

[Anonymous]

This is happening every single day across every single industry. Even if you feel like your own job is safe at the moment, you will soon start to feel the effects of so many others being unemployed.

[Anonymous]

Anonymous wrote:This is happening every single day across every single industry. Even if you feel like your own job is safe at the moment, you will soon start to feel the effects of so many others being unemployed.

Aren’t overall job numbers pretty good? It feels like a lot of layoffs but economic data seems OK. Maybe there’s a lag.

[Anonymous]

Anonymous wrote:

Anonymous wrote:This is happening every single day across every single industry. Even if you feel like your own job is safe at the moment, you will soon start to feel the effects of so many others being unemployed.

Aren’t overall job numbers pretty good? It feels like a lot of layoffs but economic data seems OK. Maybe there’s a lag.

I don’t know, is this good?

“Private payrolls increased just 37,000 In May, below the 60,000 in April and the Dow Jones forecast for 110,000. It was the lowest monthly job total from the ADP count since March 2023.”

https://www.cnbc.com/2025/06/04/adp-jobs-report-may-2025-.html

I was laid off in April and was able to find a decent handful of jobs to apply to each week at first. There’s literally nothing this week. It’s just dead.

[Anonymous]

This is nothing compared to what's coming with AI in the next two years. Get ready to have your adult kids moving back home with you.

[Anonymous]

Anonymous wrote:This is nothing compared to what's coming with AI in the next two years. Get ready to have your adult kids moving back home with you.

I honestly haven't downsized for this reason.

[Anonymous]

Anonymous wrote:

Anonymous wrote:This is nothing compared to what's coming with AI in the next two years. Get ready to have your adult kids moving back home with you.

I honestly haven't downsized for this reason.

Same. Multigenerational living is going to become the norm.

[Anonymous]

Anonymous wrote:This is nothing compared to what's coming with AI in the next two years. Get ready to have your adult kids moving back home with you.

I’m ready. The Covid years were the practice run. We’re all going to live together forever.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:This is nothing compared to what's coming with AI in the next two years. Get ready to have your adult kids moving back home with you.

I honestly haven't downsized for this reason.

Same. Multigenerational living is going to become the norm.

A return to the American family unit? Tight knit cultures continue to do this.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:This is nothing compared to what's coming with AI in the next two years. Get ready to have your adult kids moving back home with you.

I honestly haven't downsized for this reason.

Same. Multigenerational living is going to become the norm.

I can’t stomach multigenerational living so I’m actively looking for a second property to buy with cash. I agree that this will likely get much worse.

[Anonymous]

Anonymous wrote:

Anonymous wrote:This is happening every single day across every single industry. Even if you feel like your own job is safe at the moment, you will soon start to feel the effects of so many others being unemployed.

Aren’t overall job numbers pretty good? It feels like a lot of layoffs but economic data seems OK. Maybe there’s a lag.

The jobs numbers generally reflect service sector jobs / blue collar jobs since those are the majority of jobs. The white collar jobs data has been bad for some time.

[Anonymous]

Anonymous wrote:This is nothing compared to what's coming with AI in the next two years. Get ready to have your adult kids moving back home with you.

If you're right, it will be brutal for real estate in high cost of living areas. If people are jobless and finances get tight, people will need to reevaluate if it makes sense to have an expensive house in an expensive area. Even people who own without a mortgage will be able to save money by moving.

[Anonymous]

Anonymous wrote:This is nothing compared to what's coming with AI in the next two years. Get ready to have your adult kids moving back home with you.

This is why we are not having children.

[Anonymous]

Anonymous wrote:This is nothing compared to what's coming with AI in the next two years. Get ready to have your adult kids moving back home with you.

Oh look it’s the AI bot again.

[Anonymous]

It's been worse. I'm 54, in tech. I lived through a few recessions, 9/11, 2008 financial crisis.

For some reason, twitter link doesn't show, but you can see the layoff numbers from 2000 to 2024