Peter St Onge Podcast Ep 147 Weekly Roundup: Highest Layoffs in 22 Years
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Nov 17, 2025 This week highlights the highest layoffs in 22 years, with insights into affected sectors like IT and media. Elon Musk's colossal $1 trillion paycheck raises questions about future industries. Political discussions include Trump's call to end the filibuster and the implications of the recent government shutdown. Last but not least, the controversial 50-year mortgage proposal is examined, addressing its potential to lower payments but also its long-term costs. Tune in for the real solutions to soaring housing prices!
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Layoff Surge Is Driven By Policy And Tech
- Layoffs spiked to the worst October in 22 years with 153,000 cuts and 1.1 million YTD.
- Government contractors, NGOs, IT, and media drove much of the surge amid shutdown noise.
Fed Cuts Trade Jobs For Future Inflation
- The layoff headlines may push the Fed to cut rates earlier, with each point potentially equating to ~1 million jobs.
- Rate cuts trade short-term employment gains for future inflation and asset-price distortions.
Elon's Pay Package Signals Tesla's AI Pivot
- Tesla shareholders approved a massive pay package for Elon tied to aggressive production and profit milestones worth up to $8.5 trillion in value.
- The plan signals Tesla's pivot toward AI, robots, self-driving subscriptions, and Optimus mass production.