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Daily RedAlert - 2/8/23

Relevant Press

Can SMBs Balance Payroll Burden and Labor Demand? - Business News Daily

“Small businesses are still hiring but many are facing difficulties finding workers to fill positions.”

Disney to slash 7,000 jobs - Fox Business

The Walt Disney Company announced Wednesday it is trimming its payroll by some 7,000 employees, becoming the latest major firm to cut jobs as economic uncertainty weighs.”

Half of Americans say they are financially worse off, highest since 2009 - Fox Business

“An even greater share of lower-income respondents said they are losing ground, according to the Jan. 2-22 survey. Roughly 61% of those with household incomes below $40,000 report that their financial situation has deteriorated over the past year. Just 26% indicated that it has improved.”

US Households Burn Through Pandemic Savings; High Inflation Saps Spending Power - The Epoch Times

“U.S. citizens have burned through 35 percent of the funds they had accumulated through curtailed spending and large-scale government aid during the pandemic, and that number could climb to 65 percent by the year’s end, according to estimates by Goldman Sachs.”

Affirm cuts 19% of workforce; shares tank on earnings miss - CNBC

“In his letter to shareholders Wednesday, Founder and CEO Max Levchin called the decision ‘the single most difficult one’ of all the cuts the company chose to make, and said the layoffs would be effective that day.”

Most Small Businesses Hand Government 'C or Below' Grades Ahead of Biden's State of the Union - Inc.

“Seventy percent of entrepreneurs participating in a recent survey gave the government a grade of a ‘C,’ ‘D’ and even an ‘F,’ when asked about the effectiveness of the programs, services and tax credits made available to entrepreneurs.”

RedBalloon in the News

State of the Union w/ Guest Andrew Crapuchettes CEO of RedBalloon - Cross Politic

“RedBalloon CEO, Andrew Crapuchettes, joins the show to discuss the state of the union, & how to fix the economy with small businesses.”

The Daily RedAlert is a collection of news stories that relate to business, the economy and freedom in the workplace. Are you looking for workplace freedom? Apply for work on!

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