The Great Reset: Something's coming up – Big US banks have quietly fired 20,000 employees in 2023.

"Even as the economy has surprised forecasters with its resilience, lenders have cut headcount or announced plans to do so, with the key except being JPMorgan Chase. A key factor driving the cuts is that job-hopping in finance slowed drastically from earlier years, leaving banks with more people than they expected." So they say.

Banks in United States are heading online just as in England and Australia. Banks in US are getting ready to use less cash and to drive customers online for day-to-day banking services and eventually closing branches and bringing in CBDCs. Many 'useless eaters' are created each day.

More in the ThisisJohnWilliams video.

Comments in the video:

@TrainingDummiesYT: "I work for a big 'bank in America'. We have been in a hiring freeze since the second quarter, which is equivalent to a 'soft layoff' because attrition is always happening at a company with 200K employees. We are not allowed to back-fill employees that leave due to the freeze. I expect actual job cutting to occur early next year, but I am not in a position to know that for sure."

@paypercallleads: "During the 1970s, the United States faced a period of high inflation, exceeding 20%. This era raised questions about government economic reporting accuracy and the allocation of resources, as substantial funds were directed toward foreign aid while domestic concerns persisted. This was a challenging time for many Americans."

@imbonkers3629: "All bank jobs will go when CBDC comes in, maybe 2% will survive at best."

@violetfirl6512: "They’re going to use AI. My Fidelity is now using voice recognition."

@janpetersen7440: "In a digitized banking world, there is no need for so much manual labor. AI's get the job done. Also applies to many other professions. Globally, millions face losing their current jobs and becoming unemployed. Or – with luck – be retrained for other jobs."