Layoffs, Job Cuts, Low Pay, and Wage Garnishments | What's Behind the Job Market Crisis

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00:00 Mass Layoffs and Job Market Turmoil
02:32 UPS Buyouts and Teamsters' Contract Dispute
05:56 Microsoft's Xbox Layoffs and AI Comfort
10:47 Furniture Retailers and Mattress Company Bankruptcies
13:05 Winnebago RV Sales Decline and Layoff Plans
15:33 Student Loan Wage Garnishments and Employer Assistance Programs

Every week we're hearing new stories about companies letting go thousands of employees and it seems to be never ending. And the problem is once these people lose their job. It's very hard to get a new job in the current environment. UPS just announced buyout for 20,000 of their drivers and if successful could be the largest soft firing of 2025 for one company.

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Articles Mentioned in the Video
https://finance.yahoo.com/news/ups-teamsters-odds-over-driver-195738789.html

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