MORE CARNAGE: Take A Look At This Economic Destruction

Just when you thought there wouldn’t be much more carnage, take a look at this economic destruction.

How Bad Is It?
September 30 (King World News) – Gerald Celente:How bad is it in the current world of businesses, careers, jobs, and professions… and how low will it go?

Here is our latest overview of those suffering from the draconian economic lockdowns imposed upon society.

DISNEY FIRING SQUAD: Walt Disney’s Great-Niece, Abigail Disney, who is not a fan of Disney management, warned back in late July that employees “layoffs” are coming:

“Disney furloughed its workers because they intend to lay many of them off, but they didn’t want the bad publicity that would come with layoffs, so they chose to take the heat of two medium-sized PR hits, instead of one great big one,” Abigail Disney wrote in an extensive Twitter thread. “Wait for it. Layoffs are coming. I don’t expect Disney to pay people who don’t work for them, nor do I expect them to employ people in excess of what they can afford.”

Today Disney announced it is laying off 28,000 of its employees.

This comes as no surprise to Trends Journal subscribers. On 11 August we had forecast when they began to reopen in China, that “With limitations of 30 percent capacity, no parades, no Disney characters greeting visitors or fireworks – and face masks, social distancing and restaurant seating restrictions – the Disney COVID World, as with other once consumer friendly businesses, will continue to decline and/or go bankrupt under the ‘New ABnormal’ mandates.”

RETAILERS CONTINUE TO SHED JOBS. Up-market clothier Ralph Lauren will lop 15 percent of its global workforce of more than 20,000, after losing $127.7 million in the quarter ending 27 June, compared to a profit of $117.1 million during the same period in 2019.

Revenue for the period fell to $487.5 million, against $1.45 billion a year earlier.

Earlier this month, the Kohl’s department store chain announced it will dispense with 15 percent of its corporate staff.

In June, Macy’s said it was laying off 3,900 workers at its corporate level…

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