Author Topic: What bankruptcy looks like in Google Trends  (Read 14298 times)

ergophobe

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Re: What bankruptcy looks like in Google Trends
« Reply #75 on: December 18, 2019, 03:19:19 AM »
I wonder... did he come in and they said, "We're in trouble. We're going to have to lay a lot of people off," and he started with them.

rcjordan

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Re: What bankruptcy looks like in Google Trends
« Reply #76 on: January 12, 2020, 02:40:09 PM »
UK: Department store Beales warns of collapse risk
https://www.bbc.com/news/business-51083396

One of Britain's oldest department stores.

rcjordan

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Re: What bankruptcy looks like in Google Trends
« Reply #77 on: January 20, 2020, 01:30:28 PM »
That didn't take long.

Department store chain Beales goes into administration | Business News | Sky News
https://news.sky.com/story/department-store-chain-beales-goes-into-administration-11913306

ergophobe

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Re: What bankruptcy looks like in Google Trends
« Reply #78 on: January 20, 2020, 03:51:29 PM »
On a somewhat philosophical note... Isn't there a basic structural problem with this thread that tends to make the news look worse than it is?

Imagine that one month, a major retail closes 400 stores that average 20 employees each. That's a headline.

That same month, 8000 people launch small businesses that average 2 employees. There's no headline, but in theory 8,000 extra jobs were created.

Similarly, Oracle might announce 5,000 people getting laid off. That's a headline. But if AGFAM all add 1,000 employees each, that's not a headline. So there is actually stasis, but reporting in the media will only pick up on the layoff.

DrCool

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Re: What bankruptcy looks like in Google Trends
« Reply #79 on: January 20, 2020, 08:12:06 PM »
>>make the news look worse than it is?

I can totally see that. In the 6 1/2 years I have been my company we have grown from maybe 500 employees in pretty much 1 location to over 5000 in 20+ locations all across the world. But you don't hear about that, you hear about the mall stores that are closing and putting 20 people out of work. And that doesn't include the added jobs in our supply chain.