The Nestlé cuts are particularly telling because consumer staples are supposed to be recession resistant, yet here's one of the biggest food companies in the world slashing 16,000 jobs. When even the companies selling everyday necessities start cutting that deep, it signals the consumer is genuinly tapped out. These aren't just efficiency moves either, they're responding to real demand destruction across their product lines. The fact that it's happening alongside the UPS and Amazon layoffs shows how interconnected this downturn really is.
MD, I think we are going to be in a very precarious position at the start of the holidays( by their design:( ).
The Nestlé cuts are particularly telling because consumer staples are supposed to be recession resistant, yet here's one of the biggest food companies in the world slashing 16,000 jobs. When even the companies selling everyday necessities start cutting that deep, it signals the consumer is genuinly tapped out. These aren't just efficiency moves either, they're responding to real demand destruction across their product lines. The fact that it's happening alongside the UPS and Amazon layoffs shows how interconnected this downturn really is.
Yes the country is in deep do do really sad