Massive Layoff among Financial Firms, Media, Big Tech Signals 2008-type Financial Collapse

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As the massive tsunami of layoffs has been sweeping across major companies in key industries, including Goldman Sachs, Blackrock, Microsoft, Amazon, Alphabet (parent company of Google), Vox Media, and Buzzfeed, deep concerns about the possibility of a 2008-style financial collapse arise, evidenced by a recent meeting of the Federal Deposit Insurance Corporation’s (FDIC) systemic resolution advisory committee. According to the video clip, the FDIC committee is deeply concerned about the upcoming financial crisis and their lack of faith in the current banking system.