So far, Coronavirus Layoffs aren't as BAD as many initially thought

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  • mce
    Confirmed User
    • Jun 2012
    • 3915
    #1

    So far, Coronavirus Layoffs aren't as BAD as many initially thought

    Check out this layoff tracker: https://layoffs.fyi/tracker/

    Considering the doom and gloom, you'd think there were 100's of thousands laid off.

    Not so.

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    • Rochard
      Jägermeister Test Pilot
      • Dec 2001
      • 75764
      #2
      LOL. Seriously?

      This "tracker" counts only 316 companies. I am guessing in my small hometown alone there is more than 316 companies that have laid off people.

      Business Insider (which I'll trust over your tracker there) is saying that nearly half of all Americans will be unemployed this month....
      https://www.businessinsider.com/layo...age-may-2020-4

      This is going to be a devsasting blow to the world economy. You think we are going to "open up" again and suddenly restaurants will go back to hiring full staff, and having a restaurant full of people? Do you think people are going to go to movies, bars, nightclubs, sporting events, concerts? We have a amphitheater near us that sits 20k people and they've told their staff they do not expect to open this year. Even when we open up some people will not be interested in going out because they are scared of the virus, other people will not be able to afford anything because they've lost their jobs, and others will fear the economy is getting worse so they will spend less.

      This is going to be bad.
      Herschel Savage
      Brooklyn, NY

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        • bean-aid
          So Fucking Banned
          • Jun 2011
          • 16493
          #3
          Lol. It's going to be bad, real bad. The amount of people paying for porn will be 1/3 what it is today in 6 months. Cuz nobody will have any money.

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            • Rochard
              Jägermeister Test Pilot
              • Dec 2001
              • 75764
              #4
              Originally posted by beaner
              Lol. It's going to be bad, real bad. The amount of people paying for porn will be 1/3 what it is today in 6 months. Cuz nobody will have any money.
              This is my fear.... One thing will lead into another. Bussinesses are going under. Even when we open, things will not return to normal. Businesses will not be able withstand both being closed for two or three months, only to return to one fourth of their regular business. Tens of millions of people don't have paychecks right now. They can't pay their bills, their rent.
              Herschel Savage
              Brooklyn, NY

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                • The Porn Nerd
                  Living The Dream
                  • Jun 2009
                  • 19800
                  #5
                  Originally posted by Rochard
                  This is my fear.... One thing will lead into another. Bussinesses are going under. Even when we open, things will not return to normal. Businesses will not be able withstand both being closed for two or three months, only to return to one fourth of their regular business. Tens of millions of people don't have paychecks right now. They can't pay their bills, their rent.
                  And yet...and yet...people are buying porn. And shopping on target.com and Walmart.com etc.

                  More people than ever have the ability to work from home. At this point I should have seen sales and rebills going DOWN since things have been shut down for two months+. But nope - still rising.

                  Bottom line is NO ONE knows wtf we are facing as we move into the future here.
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                    • bean-aid
                      So Fucking Banned
                      • Jun 2011
                      • 16493
                      #6
                      Originally posted by The Porn Nerd
                      And yet...and yet...people are buying porn. And shopping on target.com and Walmart.com etc.

                      More people than ever have the ability to work from home. At this point I should have seen sales and rebills going DOWN since things have been shut down for two months+. But nope - still rising.

                      Bottom line is NO ONE knows wtf we are facing as we move into the future here.
                      It will be really ugly Mark... you only think in the now, you don't understand how the world works. Things are going to get ugly, and your 100+ sites are going to see 1/3 the profit in 6 months, mark my words.

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                        • The Porn Nerd
                          Living The Dream
                          • Jun 2009
                          • 19800
                          #7
                          Originally posted by beaner
                          It will be really ugly Mark... you only think in the now, you don't understand how the world works. Things are going to get ugly, and your 100+ sites are going to see 1/3 the profit in 6 months, mark my words.
                          I know how the world works, better than most having traveled it all my life and being a well-informed New Yorker. Things will open up again and we will get back to semi-normal, tho with restrictions, by summer. We have overcome pandemics, world wars, depressions, civil war, assassinations, stock market crashes, real estate crisis, the 2000 Presidential Election drama, 9/11...we will overcome this as well.

                          But thanks for the predictions of doom Nostradamus. LOL
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                            • slapass
                              Too lazy to set a custom title
                              • Nov 2002
                              • 14625
                              #8
                              The US is dumping money on people in an effort to shore up the market. We have had 20 million people laid off so far. And our unemployment rate is the highest ever recorded. Should be about 20%.

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                                • CaptainHowdy
                                  Too lazy to set a custom title
                                  • Dec 2004
                                  • 94159
                                  #9
                                  Originally posted by beaner
                                  It will be really ugly Mark... you only think in the now, you don't understand how the world works. Things are going to get ugly, and your 100+ sites are going to see 1/3 the profit in 6 months, mark my words.
                                  The vast majority of people are dying not of coronavirus but of getting back to their usual selves . . .

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                                    • slapass
                                      Too lazy to set a custom title
                                      • Nov 2002
                                      • 14625
                                      #10
                                      26.5 initial jobless claims in 5 weeks so higher than I said.

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                                        • bean-aid
                                          So Fucking Banned
                                          • Jun 2011
                                          • 16493
                                          #11
                                          Originally posted by The Porn Nerd
                                          I know how the world works,
                                          If you did you'd know the current environment, coupled with China propoganda, has caused all this unnecessary fear. But no "knowledge" matters... the "financial" damage has been done. Will take 2 months for every day this country stays shut down to recover. That means your porn money will dwindle because people ain't gonna have the money, nor the credit.

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                                            • The Porn Nerd
                                              Living The Dream
                                              • Jun 2009
                                              • 19800
                                              #12
                                              Originally posted by beaner
                                              If you did you'd know the current environment, coupled with China propoganda, has caused all this unnecessary fear. But no "knowledge" matters... the "financial" damage has been done. Will take 2 months for every day this country stays shut down to recover. That means your porn money will dwindle because people ain't gonna have the money, nor the credit.

                                              First, I am an eternal optimist so I always hope/pray for the best. Second, I know the ingenuity of the American people. It's not the economy crashing I am worried about, it's all the new competition from people starting online businesses with all this fucking time on their hands. LOL

                                              I do think the "summer slowdown" will be 50x worse this year once people are let out of their home prisons. But that just means the extra revenue now will be balanced out by the inevitable dip. In the end it's all good.

                                              You also under estimate the tendency for Americans to willingly go into deep, deep debt in order to satisfy their short term needs. Like, getting a mortgage to go on a Las Vegas vacation. LOL

                                              They always say porn is recession-proof (and that has been my experience since I started in '07) so I guess we shall see. Let's hope for a quick recovery. I do not root for failure and collapse.
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                                                • george MH
                                                  Confirmed User
                                                  • Dec 2019
                                                  • 599
                                                  #13
                                                  Even many things are going bad, but people can't stop consuming their basic needs and I think porn is one of these needs.


                                                  Skype: George MH - [email protected]

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