Well, it is hitting the Texas economy.
Dow Chemical is looking to lay-off 4500 people here in Texas.
If Dow is going there, how far behind is Exxon-Mobil, Valero, Motiva, Chevron, Shell, etc??????
I know Lyon in Orange stopped operations. How many people will it be let-go at the Dow plants in our area?
Again, and I know we all like paying lower prices for fuel, oil products, but in truth and you know this, Texas is still heavily reliant upon oil for the state to run all of its programs.
And I notice that school districts around the country, lay-offs have started. Broward County in Florida, Sacramento Schools in California. Both very large districts in America.
Makes you wonder, how long it will be before it comes to Jasper County districts? Quicker than you may know. Makes you wonder if they might have been better off saving that $2.5 million leftover cash for future hard times?
But, I wasn't consulted.
And if, I said "if" there are school lay-offs, that come to Buna Schools, and others, it won't be the first time it was caused by finances.
Here are the lay-offs this week beside the 16,000 at Amazon and 4500 at Dow.....
Home Depot-850
UPS plans to cut 25 million working hours after the contract with Amazon ends. This will lay-off 30,000.
Nike-750
Pinetrest- 700 to 800
Meta- 1500
Ericsson-1600
ASML- 1700
Vimeo and Expedia announced cuts, but did not express numbers.
This, is just this week......
I wonder when the "cats" in the Board Room will start asking, " Why is no one buying our product?"
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