Nationwide Mass AUTO Layoffs | Amazon CEO Backdoor Layoffs

[@rhr19eighties]

I’m not a Dodge guy at all but I hate to hear Americans losing jobs….

[@Calvinmob681]

I appreciate you and Mitch coming out with these videos.

[@frankhernandez6524]

My wife isn’t the quickest thinker but she’s very very honest. She found a $20,000 ring in a room and turned it in to the ceo of the hotel. I told her I know damn well they value that. She’s always smiling as well. This was a great video.

[@TimothyStclair-v4p]

CEO will keep it.

[@tqtq6126]

Dunlop tire in Tonawanda, NY just shut the doors on all its employees. 1500 without notice.

[@stevenevangelist5221]

TYVM once again helping N.C. Charlotte, N.C. here. Your awesome. Thousands people are suffering. Keep hearing horror stories.

[@pgar4995]

Good luck in NC and may God continue to bless you

[@wil4596]

Mitch is SOO right, so many times i was out eating and the waitress just rolling her eyes with annoyance, or wont smile or make eye contact, yet they always expect a Large Tip. i stopped eating out , even with friends, we bring in a Potluck to work or i cook at home. Had enough of Negative Attitudes and Vibes.

[@Thyalwaysseek]

😭

[@chriscasteel5777]

Restarant should pay them. I feel your pain

[@terryblevins6401]

Spread the word. EXCELLENT JOB GENTLEMAN

[@duststorm2699]

I remember when a union power plant guy could quit on Friday, and have another job by Monday. That's a boomtown. We were renting out even our laundry room. Those were the good old days.

[@ErsatzGhost]

Schaeffler automotive layoffs in Germany as well. Big auto supplier

[@elvinaguero4651]

Raw and real talk... thanks both of you. Things will be fine.

[@yonatandaniyel5640]

Just left $25 for GoFundMe. Not much ,but going through tough times. May God bless you and keep you on your trip to North Carolina. It sounds like you will be busy and doing a lot of stuff. I'm in Charlotte area and you definitely have fans here.

[@michaelWells-ef9bx]

Start a Go fund me…..for Iran 🇮🇷

[@crushingthepyramid1641]

We've had corporate welfare for years and it's not going to change any time soon!

[@realestateguru8769]

The trickle-down theory has a trickle-up of gazillions of dollars refunded back to Corporate Welfare by the IRS.

[@chriscasteel5777]

When they have to do their own work theyll figure out why people wanted more money

[@jeannewright3027]

Ok. Why is things so different now then when ppl could do their job, raise their kids in same house and do 30 yrs and retire. Not have 3,5, 8 jobs ….. Something is the issue. Mergers and accusations? Monopoles? It is both sides of leadership …corporations are not corporate of the 60s that gave a care! Greed. One of 7 deadly sins.

[@survivingthetimes]

No bailouts. Fire 'em all. They wanted higher wages, but didn't consider what they were doing to the membership body.

[@michaelWells-ef9bx]

That’s Trump Enomics

[@HarryPotterFan1307]

All of this crumbled under Biden so I sure hope you weren’t taking a jab at Trump…

[@michaelWells-ef9bx]

@@HarryPotterFan1307 They are folding Before the Tariffs put them out of Business ~ or do you have a hard time following the Story ?

[@wrlatisa]

​It does not matter because these company are not loyal. If they stop paying themselves all these bonuses companys would be greater. They are so rich they dont care, will go some where esle cheaper to do business and continue to fatty their wallets​@@michaelWells-ef9bx

[@drummersagainstitk]

A meteoric rise of a fantastic channel. Travis and Mitch are the best team on the internet.

[@TheDragonofRevelation]

Mitch, when hospitality workers aren't paid hospitably, don't expect them to be cheery. I actually sympathize with the minimum-wage hospitality worker when they're upset because they aren't paid enough to survive and their ither employment options often tend to be just as low paid as fast food workers.

[@Alpharizzchad]

They can flip burgers for 20+ dollars a hour in California. When you get paid more the price of everything goes up. They give you money so they can Tax you. 101 economy

[@Thyalwaysseek]

IKR he just confirms how out of touch he is with everything at the grass roots level, hospitality workers should be smiling and joyful for earning that $7 an hour and living in their car.

[@Thyalwaysseek]

@@Alpharizzchad Don't tell people to smile at their job, what would Mitch do if he was told by somebody to smile? Very condescending behavior.

[@TheDragonofRevelation]

@@Thyalwaysseek I won't bash Mitch for his good work with exposing the corruption in the government but your point is 100 percent valid. It's hard for a person to smile and have a good demeanor when they can't even afford to rent a freaking studio apartment anywhere except the ghetto where they might face a home invasion or getting stabbed by some random street criminals.

[@KarenSmith-db6jb]

Much Love to both of you ♥️

[@eldybellacetin8167]

Amazon dumping employee after 3 years is a known issue. They do this often because the culture is after 3 years the worker relaxes into the job and there is a productivity decrease. But also layoffs are good for them

[@frankhernandez6524]

You’re okay with that? People are becoming robots, they don’t need to build robots just keep brainwashing them. Cheaper.

[@ErsatzGhost]

Depends on what type of job

[@TheDragonofRevelation]

That sounds like Amazon wants to continue to exploit its wage slaves. Isn't Amazon the same company where delivery drivers have to pee in bottles just so they don't get reprimanded for stopping? Oh wait, it is. Now pee in that bottle and give us maximum effort for the lowest pay we can give you, wage slave!

[@frankhernandez6524]

This is modern slavery

[@amykelley6200]

Loosing auto jobs because no one can afford a new car.😢

[@Bella65]

I will miss seeing you put out a video for next week. Have a good trip. You guys' knowledge, fairness and common sense have got me hooked on your channel!

[@realestateguru8769]

Enjoy those special family vacation memories. Well deserved! Thank you for all the informative topics you have been putting out. Blessings

[@johnflynn110]

for every 1 auto job there are 10 auto parts jobs

[@ErsatzGhost]

Bingo, it’s exponential. Goes all the way down to the raw materials as well

[@prismbrandingrealestatebra6301]

This recession actually started two years ago not here in America but in China. When the two largest real estate developers in China collapsed in 2022 the Chinese government was able to control the fallout and slow it down but they couldn't actually prevent it because the losses were simply too great and the corruption too wide spread in the Chinese banking sector.

[@michaelpendleton7429]

The EV mentality destroyed the auto industry.

[@pamelalewis2776]

YOU 2 ARE THE BEST/ GOOD PEOPLE!

[@RichardWeidman-x1t]

No one wants an $800 a month car payment goodbye stanltnis

[@g_g9329]

Companies , and banks should stop giving millions of dollars as bonuses to the CEO and invest the money to keep employees working and help the economy and community 😢

[@debramattila2202]

Great job guy's Your the best

[@robertrichards4930]

You're

[@golfrick007]

That solid asset comment is true. When the company I was working for got sold I was able to stay with the new company even though other employees had been around much longer.

[@raymond_sycamore]

Can't afford these cars!

[@errantprotocol8044]

Much appreciated data. Thank you. “Whomsoever controls the volume of money in any country is absolute master of all industry and commerce and when you realize that the entire system is very easily controlled, one way or another, by a few powerful men at the top, you will not have to be told how periods of inflation and depression originate.” ― James Garfield, 20th US President (assassinated 09/19/1881)

[@kylesims9348]

“Fiat Money” not real money.

[@shannoncowell6888]

I am in Toledo and am seeing it first had it is bigger than you know the mind games they are playing on the workers are ridiculous 2 weeks on 2 weeks off so you won’t qualify for unemployment for example …,,,

[@CM-sm2pk]

Dealerships are having a hard time selling. People took out loans, and now their car is worth less than they owe.

[@winniethepoohandeeyore2]

TGIF Travis and Mitch!

[@rebeccaadams8756]

I feel like GM shakey also

[@realaube6671]

Very good video as usual. I like to hear from you guys. I always learn a lot. Please keep going.

[@bennyhonna]

Great show! 10:55 is my favorite highlight

[@SirCarlosMusicBMI]

🌴🌴🌴 This is TERRIBLE NEWS you’re bringing us. But thank you for covering this. This closure could potentially hurt so many families 😢. Thank you Travis 🙏

[@abee5776]

AMAZING Video - Thanks!

[@Christian-ct9iu]

Don't forgot the economy is "strong and resilient". It drives me crazy talking with my fellow day trader friends. They are like its a little "toppy" but the economy is strong...

[@cranebrain2]

We need a correction and with that comes pain. I've been on the side lines for years. I'm ready to buy when the correction comes

[@EvySurvived]

Mitch! Mitch! Mitch!

[@catman5546]

Who is these times can afford and would buy a $80,000 to $90,000 Jeep, a jeep

[@LeonardHeramchuk]

There is a ratio of workers in the plant to smaller feeder plants that feed them the parts and pieces. I heard 1-9. So more than 10000 people laid off.

[@robertdangelo5246]

Bail out the private sector again or bail out the struggling American worker instead

[@thomaskauser8978]

Buy an extra roll of toilet paper the corporations need another COVID bailout?

[@RichardWeidman-x1t]

Cut all CEO CFO bonuses the company will do just fine

[@JJAMES80]

The auto industry is tanking!

[@pamelalewis2776]

AUTO, CONSTRUCTION, JOBS, JOHN DEER , AMAZON, UPS, STORES .ON & ON... IT'S ALL COMING DOWN !

[@CrossfitWarrior]

Remote doesn't drop productivity. We see many great start ups that are remote first and saw productivity increase dramatically. Mitch is just old and part of that old guard. I went from working in office to remote and saw in office workers bs most of the day, chit chat with coworkers, and buy time to they get off. The same can be said remote workers but you have a lot more time to put in productivity at home.

[@TheDragonofRevelation]

I am aware of that. While I'm glad Mitch has exposed the fraud, the old guard is also going to destroy what's left of America's middle class if they refuse to pay them what they're worth and continue to use employment as a form of exploitation.

[@rabunbike]

The Linux kernel team is 100% remote and has no office. The most successful piece of software on the planet. Used to power every non iOS phone (Linux is the kernel that powers Android). Used extensively to power corporate America, cloud computing, and even cars.

[@Da-King-of-Swing]

Legacy Automakers will all go bankrupt one by one as ww near end of decade. So.e sooner some shortly after and this is because of the EV Disruptive Technology that is currently in play this decade. Disruptive technology takes about a decade to not only disrupt but replace archaic existing technology. For more on this subject I refer you to expert and Professor Tony Seba

[@qroadside]

Stay safe and travel freely

[@TimothyStclair-v4p]

I believe in going back to regionalization. This will stop monopolizing any industry and even controlling many industrial sectors. This will also stop To Big To Fail theory.

[@terrymarshall5480]

It you can't sell me a half ton work truck for 25k no sale.

[@MatthewSmith-uf6tr]

You’ll never buy one again then.

[@timothygibney159]

😂 1999 is over. 65k is the new break even point

[@starsapphirelee5714]

It is NOT easy to be fake and "just smile!". I've struggled with this all my life-probably due to a bad childhood and schoolhood- and you expect young people who went thro0gh the pandemic solitude to be able to smile on command?

[@daviddruggish271]

But the economy is doing good? To many live in denial greed is destroying America.

[@markfavazza]

The city misclassified my property as a "Residence" (a business classification). Property is NOT taxed, you are taxed for the "USE" which is its "Utility" or "economic use". The assessor makes an assessment which creates an "asset" which is only found in business balance sheets. The tax is called an "Ad Valorem" tax which is the value determined by the "Assessment", which is the Value of its "Utility" or "Use" - its a "Use Tax" or an "Excise Tax", - a business tax. In Massachusetts you are taxed where your home is "situated" which is defined as: "Machinery", which is a "Situs Tax" which applies to a business. (Situated=Situs).

[@insiteandawareness3500]

This could be similar to 08 because when the unemployment rate starting going up it continued it's upward trajectory. I found this in the unemployment chart on the Fed website.

[@stevenbarnes1849]

Even if you give factories a pass on real estate tax they still will not lower prices

[@fruit20111]

Washington State here.. They want the money for the bullet train whether we say no or not. That train goes straight to Seattle and beyond, even though we voted NO..

[@Alpharizzchad]

California has a built Train to no place and. Pvt company came in and are building a train from LA to Vegas. 🎉

[@pamelalewis2776]

THE WORKERS TODAY ARE A MAJOR PROBLEM TODAY! LAZY WORKERS AND IT IS THROUGH ALL THESES INDUSTRIES! MY 25 & 27 WAS WAAAY MORE DIFFERENT FROM MINE. EVERYBODY I KNOW TALKS ABOUT THIS BUT, THE COMPANIES DON'T WANT PEOPLE MY AGE (64) GEN X BIG PROBLEMS!

[@GranFinale]

Rich doesn't know for certain that productivity fell from remote work at Amazon. Quantify that statement in their annual and quarterly reports. 🤷🏾‍♂️

[@thespacecowboy420]

The reality is that the games played with the money have destroyed the money

[@cherylcampbell7495]

The car lots in Arizona are so full and no more room. A sea of cheap expensive cars. A new Porsha dealership being built on Bell Rd.😂

[@cranebrain2]

The math has not been mathing and people keep buying way overpriced on everything. Building a bubble, it's time to pop

[@anomaly2990]

All my ads pop up when Mitch is speaking.

[@jasjas-rm9kc]

Automakers need to get real about their pricing strategy. It's fun to watch them fail miserably, though.

[@dknowles60]

what bull shit if there are to much supply out there where are the price cuts

[@wrlatisa]

Look for what comparable wage, when all these companys are laying off

[@rosemarywhitney4680]

dunlop closed

[@SuperMatt1235]

But nobody can afford the cars so how is inventory going to go down?

[@babagadoush1]

How did the latest Union negotiation outcomes play in this?

[@tinaroney9383]

Who can even afford a new vehicle!?

[@JayPeterson-b5u]

Good employees are productive in the office or at their home office; when I go into the office 2 days per week I lose 2 hours of my day being interrupted by coworkers who want to chit chat

[@babagadoush1]

AVAYA just laid off 25% of their US work force

[@jamesdonop445]

Tariff anticipation?

[@janetwethepeople9390]

That's only for foreign companies

[@rightfocus4778]

This guy stated without hesitation that people working from home are less productive than those at the office as if it's a forgone conclusion. A simple Google search shows several studies showing the opposite. A Harvard research study proved people are more productive working from home for several reasons. There are also other studies that show some people may be more productive in the office environment. I think he's very disingenuous stating that people are less productive working from home, and it shows he may have some sort of agenda.🙄🙄

[@saptarshibhowmick]

productivity drop - can u cite some articles? i did not hear productivity drop for tech employees. "TECH". Not sure how it impacted other LOB's but i have not seen articles where companies claimed drop in productivity. I was working more than 8 hrs happily since i did not need to commute and did not have to get drained.

[@pamelalewis2776]

AND... THE PRICE OF CARS ARE REDICULOUS!!

[@dknowles60]

Sales are down, lets see they built a lot of shit for cars and trucks and are over priced

[@datanation17]

Screw off..no nail outs

[@mariyork]

Toyota manage to continue without laying off and CEO said many of employees are working on engines, and they cannot afford to let them go. Current CEO is pretty cool guy, he participated in 24h race himself with a vehicle with their new water engine.

[@nationsnumber1chump]

Multifamily must have gone off a cliff cause from the amount of small shops in the millwork industry getting their start in residential now is crazy. I even thought about getting into it but it's too risky this late.

[@eriq54321]

American freight is closing all its stores

[@Discovery123.]

Will be more more and more layoff coming.

[@SteveAaroe]

Its time for a lot of people to go home.

[@fredmadrid673]

Bonkers

[@charletonzimmerman4205]

Ohio, where the "Dogs & Cats" go.

[@Annajsee]

Bonkers 😮

[@heniousdelvon]

Could’ve gotten a discount on them tires😂

[@teresacochenour2913]

I would like to know when the aerospace companies will layoff. Their is a big problem and they keep hiring and their is now work.

[@TheDragonofRevelation]

They already did. Boeing fired 17,000 machinists.

[@hec07]

Over priced car and trucks 🫣

[@coconut569]

Well they owe me a gianormus property tax refund! If its against the 16th amendment in the constitution

[@gisellew5555]

Stellantis is not an American company. There will not be a bail out.

[@larrymatthews1180]

Sumitomo Rubber is closing

[@coconut569]

Amazon seems all about trans etc and tax deduction Nepalis who work on a lower rate than Americans working there and don't get wrote up from Nepal; a tax deduction I heard

[@YaoAnne-j7g]

!I just switched up my Roth IRA to 50% SCHD, 25% SCHX, 25% SCHG, and my Roth 401k is 70% vanguard S&P 500 index, 20% vanguard growth index, and 10% vanguard international index. Seeking best possible ways to grow $350k into $2m+ before retirement

[@ElizabethHansick]

As a newbie investor, it’s essential for you to have a mentor to keep you accountable. Kristine Lynn Weber is my trade analyst, she has guided me to identify key market trends, pinpointed strategic entry points, and provided risk assessments, ensuring my trades decisions align with market dynamics for optimal returns.

[@DerickSams]

I managed to grow a nest egg of around 120k to over a Million. I'm especially grateful to Adviser Kristine Lynn Weber, for her expertise and exposure to different areas of the market.

[@ElizabethHansick]

I don't really blame people who panic. Lack of information can be a big hurdle. I've been making more than $200k passively by just investing through an advisor, and I don't have to do much work.. Inflation or no inflation, my finances remain secure. So I really don't blame people who panic.

[@DerickSams]

Without a doubt! Kristine Lynn Weber is a trader who goes above and beyond. she has an exceptional skill for analyzing market movements and spotting profitable opportunities. Her strategies are meticulously crafted on thorough research and years of practical experience.

[@DerickSams]

look up her name on the web for her website.

[@srossi4447]

Mitch should be on included in new Trump administration

[@EvySurvived]

Couldn't agree more

[@Smitherrrs]

Won't happen DRUMP only hires swamp, like last time. Banker lackies only. Just like all the presidents do. He wants Jamie dimon as his financial advisor lol😅

[@thespacecowboy420]

the blazing white backgroound on these videos is unbearable at times please consider black or grey