large number of lower-middle class and middle-class Americans struggling to make it paycheck-to-paycheck will be short of discretionary income during the holiday shopping season.
While companies seemed to be hoarding workers post-merger or acquisition through February, it appears that this is not the case anymore. While we do not have our own merger job-cut data for March tabulated yet, we know a large number of merger-related cuts were announced.
We have already seen a couple of large deals announced this year, one of which expected as many as 10,000 job cuts to take place as redundant positions are eliminated, ... This could be a big year for such transactions.
The question for the economy at large is to what extent will it absorb these people and these businesses.
Between technology and globalization, a large majority of U.S. white-collar jobs will become obsolete and either eliminated or dramatically altered,
Dell has led the way in creating a global workforce. Its increases show, to a large degree, how it wants to compete on a global scale.