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🎉 Massive Disney strike
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Good Afternoon Party People! 🎉
We are back with another Office Party!
PARTY PLAN 🎉
🎢 Disney strike
🏎️ Tesla hiring spree
🧟 Zombie apocalypse
And, of course, MEMES!
MEME OF THE DAY
WORKPLACE
The Massive Disney Strike
Disneyland, $DIS, workers have authorized a strike by 99%, per MorePerfectUnion
Over 14,000 workers are ready to walk out
— unusual_whales (@unusual_whales)
4:04 PM • Jul 22, 2024
Planning on going to Disneyland soon?
Maybe don’t.
According to a report from the LA Times, Disneyland employees voted in favor of authorizing a strike.
In fact, 99% voted in support of a walkout.
(That other 1% is probably hated)
The 99% includes custodians, ride operators, candy makers (everyone’s dream job as a child), merchandise clerks, and other employees.
So what’s the reason for the strike?
The Master Services Council (the alliance of unions at Disneyland) wants a new contract. They’re looking for pay increases to keep up with the cost of living in California.
“We stood up and showed Disney that we won’t sit by and allow them to intimidate, surveil and unlawfully discipline cast members for exercising their rights”
The last Disney strike was in 1984 and lasted 22 days.
Disney publicly stated they would remain open, even if the employees went on strike.
No candy makers? No ride operators?
Doesn’t sound too fun.
HIRING
Tesla Goes on a Hiring Spree
Well, Tesla was recently in the news for mass firings.
Now?
The electric car manufacturer is looking to hire 800 new employees.
Why?
Tesla recently added more than $223 billion in market cap over the past few weeks. And the focus for these hires? Tesla’s robotaxis.
“There were only three jobs posted on Tesla’s website in May, after the company missed vehicles sales expectations by the widest margin ever. The 20% sequential drop in quarterly deliveries spurred Musk to push for a commensurate reduction in headcount, Bloomberg reported, which would have meant dismissing roughly 28,000 of the more than 140,000 employees Tesla started the year with.”
Job openings are also for Tesla’s AI & robotics division focused on Optimus (the humanoid robot Tesla is developing).
This comes after Musk stated that he views Tesla as an AI, robotics, and energy company rather than just an electric vehicle company.
Even the big companies pivot these days.
If you’re a job seeker, Tesla is hiring!
JOBS REPORT
Zombie Companies on the Rise
There’s a zombie apocalypse brewing…but not in the traditional sense.
Last month, US company bankruptcies topped highs from the pandemic.
“A report Monday from S&P Global Market Intelligence said June saw 75 filings, up from 62 in May and above the pandemic-era peak of 74 in July 2020. The year-to-date total of 356 bankruptcy filings also tops the same period in 2020 and is higher than any comparable figure in the last 13 years.”
Ouch.
So what’s contributing?
High interest rates. Supply chain issues. Slowed consumer spending.
Basically all of the things.
And according to a report from AP, tons of other companies are holding on by a thread.
“An Associated Press analysis last month found the number of publicly traded "zombie" companies has soared to nearly 7,000 worldwide, with 2,000 in the U.S. alone, after accumulating cheap debt then getting slammed by a spike in borrowing costs as rates rose to fight high inflation.”
The latest monthly jobs report showed unemployment had risen to 4.1%, leading many to believe that the economy will slow down even further.
If this trend continues, we could be headed for a recession.
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