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What's your plan? Facebook and GM lay off thousands of employees.

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Meta (Facebook) Layoffs — 8,000 Employees

Scope: Meta began cutting 8,000 jobs (≈10 % of its workforce) on May 20 2026, canceling 6,000 open roles and reallocating 7,000 workers to new AI‑focused teams.

Reason: CEO Mark Zuckerberg said “success isn’t a given” in the AI era — the layoffs fund a $125–$145 billion AI infrastructure expansion.

Impact: Engineering, product, and management teams were hit hardest; severance includes 16 weeks base pay + 2 weeks per year worked.

Tone: Internal morale dropped as employees realized their data were being used to train AI models that could replace them.

Companies: GM, Ford, Stellantis collectively eliminated ≈20,000 U.S. salaried positions (≈19 % of their combined white‑collar workforce).

Timeline: Cuts accelerated through 2025–2026, with GM leading (≈11,000 jobs), Ford (≈5,300), and Stellantis (≈4,000).

Cause: Transition to AI‑driven, software‑defined vehicles and automation of IT and administrative roles.

Quote: Ford CEO Jim Farley warned, “Artificial intelligence is going to replace literally half of all white‑collar workers in the U.S.”

Trend: While factory jobs remain stable, office roles are shrinking as automakers hire AI engineers to build autonomous systems.

What is a 401K? The 4's of Retirement Fridays.
“What Is a 401(k)?” “Created in 1978 under the Revenue Act — Section 401(k)”. “Designed to let employees save for retirement tax‑deferred.” How It Works? “You contribute pre‑tax income → It grows tax‑deferred → You pay taxes when you withdraw.” Employer Match Myth: "Employee Matches are NOT guaranteed" — companies can change it anytime.” Call to Action: “Complete the SLL Retirement Questionnaire today.” “From Saving Lives to Protecting Lives.”

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SLL Economy Monday's. “The worst year to retire wasn’t 1929 during the Great Depression but it was 1968."

➤“Are we headed here again due to the Iran War?”



Source: The worst year to retire wasn’t 1929. The creator of the 4% retirement rule says it was 1968.

“Who’s Protecting Your Money & Retirement?”

➤“Problem: What happened in 1968?”

William Bengen (creator of the 4% rule), bear‑market chart, inflation graph.

Data Impact

“Prices nearly tripled from 1968 to 1983.”

➤ “Inflation peaked at 13.5% in 1980.”

➤ “Stagflation and Bear Stock Markets crushed retirement portfolios.”

➤If this happened today, and you were saving for retirement, near retirement or retired would your retirement portfolio survive during your Golden Ages?

The Connection

💡 Iran War & Inflation Connection

Energy Shock: War‑driven oil spikes mirror 1970s crisis

Government Spending: Deficits fuel inflation.

Retirement Impact: Fixed pensions lose real value

Solutions:

“Who’s Protecting Your Money & Retirement. When History Repeats Itself?" Click the Link Below we can help!

“Protect Your Retirement Now:”

Diversify your portfolio

Secure inflation‑protected assets

Review your income strategy

Move your Portfolio to Cash

Source: Barrons

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50 and Up first to get fired or laid off during economic recessions. Who's Protecting Your Retirement? SLL Economy Monday's


Check out this article from Finance Money Buzz: https://vist.ly/4ycbu

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