Toxic Trump’s economy is chugging along. First Harley0Davidson announced they were closing their Kansas City assembly plant, and now an energy company in Oklahoma City announced massive layoffs. From Tulsa World:
Chesapeake Energy Corp. executives laid off about 400 employees Tuesday morning following other changes at the Oklahoma City-based oil and natural gas producer.
Tuesday's cuts affect about 13 percent of the company and include about 330 employees in Oklahoma City.
"The decision to reduce head count did not come easily for the leadership team," CEO Doug Lawler said in an email to employees Tuesday morning. "Dedicated, value-driven, hardworking people have been affected. You have my personal assurance that we are treating these employees fairly, respectfully and with considerable effort to assist them with their personal and career transition."
So much for the tax cuts. Perhaps it isn’t fair to peg these layoffs on Donald Trump, but as long as he wants to claim every job gained, he ought to take the losses, too.
As for the workers, maybe they could get retrained in more sustainable solar energy installations. Although Trump inexplicably announced new solar tariffs that are likely to hurt the growth of solar in the United States.