Whirlpool cleaning out 1000 jobs…

Woo, bad. Layoff still going

They should just make buggy fridges the same way we all write buggy code and call it "agile".

Could you say they ... flushed them down the drain?

If their washing machines cleaned as well as their corporate, then they wouldn’t be in this situation.

Whirlpool wasn't some highly leveraged ZIRP era tech industry beneficiary -- the demand for household appliances shouldn't have shot up during Covid necessitating an over-hiring boom in that sector. Or am I missing something here? They are blaming the lack of movement in the real estate sector, I guess. If durable goods manufacturers like them are cutting headcount then that says something about the techcession spreading to other parts of the economy.

I remember learning about this in my Finance class. Large appliances sales are a leading indicator for consumer confidence. Consumers don't make big purchases like a new fridge or washer dryer if they are feeling financially insecure. 2025 recession confirmed.