President Joe Biden has been staking his reelection campaign on “Bidenomics.” Apparently, that means layoffs across multiple sectors and having to eat cereal for dinner.

Several companies have recently cut the jobs of hundreds of employees, including Paramount Global, YouTube, Warner Music Group, Universal Music Group, Pixar, and the Los Angeles Times. Others have cut thousands of jobs: Cisco is planning to cut 4,250 jobs, PayPal is cutting 2,500 jobs, Microsoft will be cutting 1,900 jobs from its gaming unit, and eBay is laying off 1,000 people.