Remove 2009 Remove Economics Remove Profitability
article thumbnail

Reasons for Layoffs in the Current Environment

OfficeHours

According to CBS News, excluding January 2023, the January layoffs in 2024 represent the highest number of job cuts announced in the first month of January since 2009. Economic Downturns While this reason may seem obvious at first, economic downturns are actually extremely nuanced. At the time, the U.S.

Finance 130
article thumbnail

03-06-2024 Newsletter: Reasons for Layoffs in the Current Environment

OfficeHours

According to CBS News, excluding January 2023, the January layoffs in 2024 represent the highest number of job cuts announced in the first month of January since 2009. Economic Downturns While this reason may seem obvious at first, economic downturns are actually extremely nuanced. At the time, the U.S.

Finance 130
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

What is a Business Cycle? Expansion, Peak, Contraction, and Trough

Peak Frameworks

It forms the core of economic forecasting and is central to all aspects of financial decision-making. This is a period of economic growth, characterized by increased production, rising employment, and heightened consumer confidence. This is the point where economic activity has reached its maximum output.

article thumbnail

Profit or Loss? For New Hires, Some of Both

Street of Walls

Since 2009, the world’s top 29 banks have cut 167,200 jobs—but they have also created 83,500. Redundancies are being eliminated, and companies are expanding more agile sectors where the economic outlook is less dire. A November 16 CNBC.com article has an ominous title: “Banks Seen Shrinking for Good as Layoffs Near 160,000.”

article thumbnail

Helicopter Money – How It May Save the Insurance Brokerage Business (and the Rest of the Economy)

Sica Fletcher

Some of the economic predictions regarding the economic impact of the coronavirus on the economy and GDP are quite dire. To give you some perspective on how draconian these numbers are, during the Great Recession of 2008/2009, GDP dropped by 4.3%; during the Great Depression, GDP dropped by about 30%. Louis, predicts the U.S.

article thumbnail

Capital Raise Blog Series - Vol 12 - What is Microlending?

RKJ Partners

Before the economic collapse, microlending (also called microfinance) was a concept typically associated with developing and emerging countries. Today, virtually all microlenders in America are organized as non-profit organizations and serve as local intermediaries for federal funds. million to 25.4 million, which was a growth from 13.1

article thumbnail

Public Finance 101: How Governments Manage Money

Peak Frameworks

The field differs significantly from private finance as it focuses on the budgeting process and financial regulations in a public setting, with the scope extending beyond individual or corporate financial management to consider broader economic effects. Corporate Tax: This is the tax charged on company profits.