De Blasio Considers Laying Off 22,000 NYC Employees

Wednesday, June 24, 2020
By Paul Martin

by Tyler Durden
ZeroHedge.com
Wed, 06/24/2020

American cities face an imminent fiscal reckoning of apocalyptic proportions.

New York City is expected to suffer a sharp decline in tax revenues, resulting in Mayor Bill de Blasio to consider laying off tens of thousands of city employees.

De Blasio is mulling over a new plan that would cut 22,000 city employees to save the city upwards of $1 billion in expenses after virus-related lockdowns led to a decline in revenue, reported Bloomberg.

“De Blasio presented a $95 billion budget in February. That was reduced to about $89 billion in April after the coronavirus outbreak. On Wednesday, he said the budget must be pared down to $87 billion, and the city needed to find about $1 billion more in savings. The city may have to lay off workers, de Blasio said, if the city doesn’t get fiscal aid from Washington or state authority to borrow $7 billion.” – Bloomberg

Budget shortfalls are forcing New York City and other municipalities across the country to cut jobs and spending, similar to what was done around the 2008 financial crisis when local austerity stymied an economic recovery.

De Blasio has already pledged for the first time to slash the New York Police Department’s funding for the next fiscal year, following weeks of social unrest and mounting demands that he overhaul the department.

“We’re committed to seeing a shift of funding to youth services, to social services, that will happen literally in the course of the next three weeks, but I’m not going to go into detail because it is subject to negotiation and we want to figure out what makes sense,” de Blasio said in early June.

De Blasio, searching for ways to trim down the budget, is likely to target public service jobs. Now it remains to be seen if he’ll cut New York’s bravest, that are police and firefighter jobs…

One Response to “De Blasio Considers Laying Off 22,000 NYC Employees”

  1. Dave

    The only city employees that are worth their salt (and brave) are the garbage collectors. Garbage collectors, people are going to discover soon enough, are truly essential. The fortunate thing is, that as our collapse descends into abject unmitigated chaos, not much additional refuse is going to be generated nationwide other than the millions of corpses laying about. That’s when big thinkers like Barry Soetoro would roll out the ‘Corpsman’ to gather up the corpses. Good luck retards, and don’t forget; stay at home – save a life… I can’t believe I live in a nation so full of mental midgets and cowardly suckwads running around with dust masks and paper doilys’ covering their dick sucker holes, standing on magic stickers, thinking they are protected from a deadly virus (which is not deadly so much). It’s sheer lunacy. In the meantime, 90% of the retarded population are driving around in their vehicles at breakneck speed furiously finger banging the ubiquitous ‘HAND PUSSY’ (smart phone) engaged in an activity – texting while driving – THREE TIMES DEADLIER THAN DRIVING DRUNK… The lunacy of it. This coming mass die off of idiots, while tragicomedy, will be refreshing. So while our world collapses about us fellow morons, keep yourselves satiated with re-runs of Oprah and delicious cheese doodles. Mm mm good…

    #10425
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