Slight Uptick in GDP, but Pink Slips Are Up, Too! 

There has been a bit of positive news on the economy recently. GDP is up slightly. And inflation is slightly down. Neither is significant. It feels temporary to me. On the negative side, US companies continue layoffs. I listed about a dozen examples on Nov. 22. Here are some more:

* Meta is backing out of a major New York office deal as it prepares to cut budgets across the company.

* DoorDash will lay off 1,250 employees.

* Crypto firm Kraken is letting go of 30% of its workforce.

* The mainstream media is doing it, too. CNN slashed more than 200 jobs, Gannett (owner of USA Today and dozens of local newspapers) cut 6% of its news staff, Paramount Global laid off 30 employees, and NPR is cutting more than $10 million from its budget and freezing hiring.