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RE: Nestlé Sells Its Ice Cream Brands in a $1.3 Billion Deal While Announcing 16,000 Layoffs. Workers Are Left to Pay the Price

in TradFi • 4 days ago

Layoffs seem to be the latest trend.
In Argentina, I'm seeing large companies struggling.
The main tire manufacturer (FATE) decided to close its factory and lay off all its staff.

4 days ago in TradFi by
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         4 days ago 

        How many factories do they own?

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               3 days ago 

              Yep, global economy is not really going well now

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                     3 days ago 

                    AI is changing the job market. From jobs that need to work with AI to jobs being replaced by AI.

                    But I think AI is overused. I don't think a world made up of AI and robots is viable. One thing is for sure: AI won't be able to compete with women and OnlyFans.

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                           3 days ago 

                          Haha that is true, it can't replace that

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                                 4 days ago 

                                There are three tire manufacturers in Argentina. Fate used to be the Argentine company. Now, due to cost issues, the tire business in Argentina is shifting to imports.
                                If the national producer has closed, I don't think the multinationals will take long to follow suit and fill the market with imports.

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