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Did You Know? |
- The federal government has had a mass layoffs in 2025 as part of a broader effort to reduce the size of the federal workforce and increase operational efficiency. This has had a significant
impact on both the employees and the services they provide. Many probationary employees, who have been with the federal workforce for less than a year, were among those laid off. As of 2/17/2025,
this mass layoffs includes the following agencies.
- Department of State (1,000),
- United States Agency for International Development (USAID) (2,410)
- Department of Education (60)
- Department of Energy (DOE) (2,000)
- National Nuclear Security Administration (NNSA) (350)
- Department of Veterans Affairs (VA) (1,000)
- Small Business Administration (SBA) (720)
- Department of Defense (DOD) (3,000)
- Department of the Army (2,500)
- Department of the Navy (2,000)
- Department of the Air Force (2,200)
- United States Marine Corps (USMC) (1,800)
- Department of Commerce (DOC) (1,500),
- National Aeronautics and Space Administration (NASA) (1,500)
- U.S. Patent and Trademark Office (USPTO) (100)
- Department of the Treasury (1,500)
- U.S. Internal Revenue Service (6,700)
- Federal Deposit Insurance Corporation (FDIC) (500)
- Consumer Financial Protection Bureau (CFPB) (100)
- Department of Agriculture (USDA) (800)
- U.S. Forest Service (3,400)
- Department of the Interior (DOI) (2,300)
- U.S. Geological Survey (USGS) (1,000)
- National Park Service (NPS) (1,000)
- U.S. Fish and Wildlife Service (USFWS) (420)
- Bureau of Indian Affairs (BIA) (118)
- Bureau of Indian Education (BIE) (40)
- Bureau of Land Management (BLM) (800)
- Bureau of Ocean Energy Management (BOEM) (150)
- Bureau of Reclamation (BOR) (800)
- Bureau of Safety and Environmental Enforcement (BSEE) (150)
- Bureau of Trust Funds Administration (BTFA) (150)
- Office of Surface Mining Reclamation and Enforcement (OSMRE) (150)
- Department of Transportation (DOT) (3,800)
- Federal Aviation Administration (FAA) (400)
- Department of Health and Human Services (HHS) (5,200)
- National Institutes of Health (NIH) (1,165)
- Food and Drug Administration (FDA) (2,735)
- Centers for Disease Control and Prevention (CDC) (1,300)
- Department of Justice (DOJ) (2,500)
- Federal Bureau of Investigation (FBI) (1,500)
- Department of Housing and Urban Development (HUD) (4,500)
- Social Security Administration (SSA) (1,000)
- Department of Homeland Security (DHS) (405)
- DHS Science and Technology Directorate (10)
- Federal Emergency Management Agency (FEMA) (200)
- Cybersecurity and Infrastructure Security Agency (CISA) (130)
- U.S. Citizenship and Immigration Services (CISA) (50)
- U.S. Coast Guard (USCG) (12)
- Transportation Security Administration (TSA) (243)
- Department of Labor (DOL) (623)
- Federal Communications Commission (FCC) (1,500)
- Federal Trade Commission (FTC) (1,500)
- Office of Personnel Management (OPM) (70)
- General Services Administration (GSA) (100)
- Environmental Protection Agency (EPA) (388)
- National Science Foundation (NSF)(168)
- In February 2024, there were around 85,000 people were laid off from U.S.-based companies, comparing to about 76,500 from the cuts in the second month of 2023.
- In 2023 New York is the state with the most expensive average annual rent for office space, $26.7 per square foot; the state has the cheapest average annual rent for office space, is Iowa, at $12.1 per square foot.
- There are around 214 million companies worldwide, of which 90% of are small and medium enterprises, which have provided 50% of jobs worldwide. There were estimated 32.5 million small businesses in the US, which accounted for 99.9 percent of all US businesses in 2021.
- The United Nations General Assembly designated 27 June as “Micro-, Small, and Medium-sized Enterprises Day” (A/RES/71/279) to raise awareness of the tremendous contributions of micro-, small and medium-sized enterprises (MSMEs) to the achievement of the United Nations Sustainable Development Goals (SDGs).
- The foundation for economies worldwide is small business; in the US small businesses generate 44 percent of US economic activity.
- In the U.S. during the COVID-19 pandemic between March 1 to July 25, 2020 alone more than 80,000 permanently shuttered.
There were 6,691 commercial bankruptcy filings in 2021, 11,375 in 2020 and 10,056 in 2019, compared to 60,850 small business went bankrupt in 2009; 43,505 in 2008; 28,335 in 2007; 19,690 in 2006; and 39,200 in 2005 during the 2008 recession.
- The world’s most valuable brands in 2018 are Amazon ($150.8 billion), Apple ($146.3 billion), Google ($120.9 billion), Samsung ($92.3 billion), Facebook ($89.7 billion), AT&T ($82.4 billion),
Microsoft ($81.2 billion), Verizon ($62.8 billion), Walmart ($61.5 billion) and ICBC ($59.2 billion).
- The world’s most valuable company, Apple, Inc, just crossed an almost inconceivable milestone, one (1) trillion dollars (8/2018).
- In 2017 the ten most valuable private, venture-backed fintech players based in the U.S. are Stripe ($9.2 billion), SoFi ($4.3 billion), GreenSky ($3.6 billion),
Credit Karma ($3.5 billion), Oscar ($2.7 billion), Avant ($2 billion), Zenefits ($2 billion), Prosper ($1.9 billion), AvidXchange ($1.4 billion) and Robinhood ($1.3 billion).
- One of the largest America's telecommunications companies, Verizon had a revenue of $131.6B for its Verizon FIOS, $91.7B for Verizon Wireless, and $960M for Internet of Things
devices and services in 2015. Verizon's 4G LTE wireless broadband network, which didn't exist until December 2010, was available to 305 million people in more than 500 markets in 2015. Verizon Q1 2017 revenue was $29.8B.
- As of Oct 25, 2016 Apple, Inc posted quarterly revenue of $46.9 billion and quarterly net income of $9 billion. These results compare to revenue of $51.5 billion and net income of $11.1 billion, in the year-ago quarter.
In Q3 2017, Apple had a revenue of $45.4B, up from $42.4bn in the same quarter a year ago.
- According to the “Small Business Tax Index 2017,” the 10 best state tax systems ar Nevada, Texas, South Dakota, Wyoming, Washington, Florida, Alabama, Ohio, North Carolina, and Colorado.
The 10 worst state tax systems are Connecticut, Oregon, New York, Vermont, Hawaii, Iowa, Minnesota, Maine, New Jersey, and California.
- It takes 6 days to start a business in the US, 1 day in New Zealand, 3 days in Singapore, 13 days in UK & Ireland, 30 days in India, and 38 days in China.
- It costs $325 to start a business in the US, $130 in New Zealand, $350 in Singapore, $245 in UK, and $2050 in India,
- There are around 24,100 large corporations in the U.S.
- The Top 10 Companies in the World in 2016
- Wal-Mart averages a profit of $1.8 million every hours. With more than 8,500 stores worldwide
Wal-Mart had the 2016 revenue of $482.1 billion, it employed approximately 2.2 million employees worldwide as of 3/2017.
- There were 23.0 million companies in the U.S in 2013, of which 97.9 percent have less than 20 workers.
- In the U.S. there are around 28 million small businesses, of which 70% of them are owned and operated by a single person, 2 percent are franchises, and 54 percent are home-based.
- The small business in the U.S. employ 57 percent of the country's private workforce and pay 44 percent of U.S. payroll; and around 70 percent of new jobs come from small business.
- Small businesses are responsible for 52 percent of the all U.S. sales and contribute about 21 percent of all manufactured U.S. exports.
- About 69 percent of U.S. small business survive at least 2 years; 44 percent survive at least 4 years, 50 percent survive at least 5 years, 31 percent survive at least 7 years.
- Immigrants make up 12.5 percent of small business in the U.S.; and they made up 46 percent of small business in New York city.
- Most Profitable Companies in the World in 2014:
- In 2014 Apple reported revenue of $182.7 billion and earnings of nearly $40 billion. Last quarter of 2014 alone, Apple sold 47.5 million iPhones, 10.9 million iPads, and 4.8 million Macs.
- Samsung Electronics is part of the Samsung Group founded on January 13, 1969 and is headquartered in Suwon, South Korea, and is controlled by the founding Lee family.
Samsung is much more than a smartphone manufacturer, the company also produces televisions, monitors, printers, home appliances (e.g.; air-conditioners, refrigerators, washing machines), lighting products, and medical devices.
- Most credit card financing to small business is from depository lending institutions with $50 billion or more in assets. These lenders hold 67.6 percent of the value of the commercial and industrial micro loan market.
- In 2012 there were 5.73 million employer firms in the U.S. Firms with fewer than 500 workers made up 99.7 percent of those businesses, and businesses with less than 20 workers accounted for 89.6 percent.
- Around 40 percent of small business in the U.S. reply on credit for financing in 2014. In 2007 a small percentage of entrepreneurs use credit cards to finance their businesses; about 10 percent of financing dollars come from personal and business credit cards.
- 64 percent of American millionaires achieved their wealth by owning a business.
- There were 116 passenger car rental business employing 2,390 people in Hawaii with a revenue of $728,725,000 in 2012.
- Texas ranked 2nd behind California in the number of manufacturing companies in 2012 with 17,657 and 36,287, respectively.
- In the U.S. new single-family housing construction companies reported $4.8 billion in annual payroll and $856.4 million in total fringe benefits for employees in 2012.
- American Temporary help services business employed 2.9 million people in 2012.
- There were 27,048 U.S. Tax preparation services business employing 203,661 people with reported receipts of $5.8 billion in 2012.
- In the U.S. there were 57,083 Offices of Certified Public Accountants employed 438,802 people with reported revenue of $77.1 billion in 2012.
- American Electronic shopping retailers business accounted for $156.9 billion, nearly 40.9% of the revenue for non-store retailers in 2012.
- Electronic computer manufacturing employed more than 18 million people in the U.S. and had a value of shipments of $9.7 billion in 2012.
- There were $172.3 million worth of gift wrap paper produced in 2012 in the U.S.
- There were 510 American Poultry and poultry product merchant wholesalers employing 12,074 people with reported receipts of nearly $13.8 billion in 2012.
- There were 20,895 Cosmetology and barber schools employing 20,895 people with reported revenue of $1.96 billion in 2012 in the U.S.
- There were 2,118 Confectionary merchant wholesalers reported revenue of $43.5 billion in 2012 in the U.S.
- American Cruises accounted for $77.4 million in revenue in 2012 for Coastal and Great Lakes Passenger Transportation.
- Revenue of American Exterminating and Pest Control Services increased by $1.6 billion from $8.7 billion in 2007 to $10.3 billion in 2012.
- In the U.S. sales of books, periodical, and newspapers wholesalers decreased by 19.8% from $29.8 billion in 2007 to $23.9 billion in 2012.
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In China, the corruption is everywhere from university degrees to products. There are cheating
college degrees, fake degrees and going on, like the
contaminated baby formula that actually killed babies,and fake electronic products with "funny" brands,
such as "Motolora" (for Motorola), "Samsunc" and "Samsnug" (for Samsung), "Nckia" (for Nokia), and "Suny Erisscon" (for Sony Ericsson). The famously fake iPhones (with the real Apple logo on the back) in China are known as "Shanzhaiji" or "Mountain Bandit Phones".
- Wealth, Race and the Great Recession
- 15 biggest job losers:
Citigroup (57,700),
Time Warner (56,000),
Starbucks (34,000),
Alcoa (28,000),
General Motors (26,000),
Berkshire Hathaway (24,083),
American International Group (20,000),
AT&T (19,940),
Caterpillar (19,074),
General Electric (19,000),
YRC Worldwide (19,000),
United Parcel Service (18,000),
Hewlett-Packard (17,000), and
United Technologies (16,400).
- Around 40% of the top companies that at the top of the Fortune 500 in 2000 were no longer on the list in 2010.
- 18 Amazing Facts About Small Businesses in America.
- Fun Facts about Jeffrey Preston Bezos (famously known as Jeff Bezos), the founder of one of the most successful e-commerce website Amazon.com.
- Section 7 of the National Labor Relations Act provides employees the right to make efforts to organize and discuss the terms of their employment, including salary and benefits packages.
- eBay acquired Skype for approximately $2.6 billion on September 12, 2005. Skype had about 54 million members in 225 countries and territories and added around 150,000 new users each day at that time.
- on Jan 13, 2000 Bill Gates resigned as the CEO of his own company, Microsoft, to dedicate himself to the development of software with the new title, Software Architect;
Steve Ballmer took over the helm.
- 50% of business owners got the idea for their business at their previous jobs, and 10% while at a party, at a networking event or on vacation.
- In order to avoid online sales scams, you should
- not accept checks or money orders
- not accept overpayments
- always confirm the buyer has paid before handing over the item
- be wary of individuals claiming to be overseas
- meet sellers/potential buyers in person and in a safe place
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