WSJ News Exclusive | Amtrak Prepares to Cut 20% of Workforce

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Breaking: Amtrak is preparing to cut up to 20% of its workforce by October, its CEO says, as the railroad continues to suffer from a huge decline in ridership

Ridership and ticket revenue at the company have fallen by 95% since the pandemic began, Chief Executive Bill Flynn told Amtrak workers in an internal memo on Tuesday.

 

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amtrak got $1B taxpayers money and banned bicycles on Lake Shore Limited trains along the Erie Canal. On their website they are falsely claiming that all bicycles spots are SOLD OUT but in private message has admitted that the baggage car used for bike storage has been removed

Is there a familial relation between the ceo and a former fbi director from 100 years ago? Does anyone know how many siblings the ceo has?

God forbid you raise taxes on the bastard billionaires & now trillionaire; tax the thieving banks, big corporations, capital gains & derivatives; or repatriate the trillions offshore.

WillMcAvoyACN That seems a little harsh. Couldn't they just, y'know, lay them off instead? There's no need for dissection of all those innocent staff....

This should juice the markets. More layoffs. Seems to really drive them higher.

This is one news I will cheer. I had a few nightmarish experiences with riding Amtrak and tolerating its rude staff. Sell of this darn thing, yesterday.

Amtrak is useless. Slower than a car and more expensive than air. It’s a waste of space.

Susan_Shelley: Cancel the CA MoonbeamExpress, the Half-Fast Choo-Choo from Noplace to Nowhere. Sec. 1 (Merced to Shafter 2022) projected at $10.6B or $68M per Mile. Build Reservoirs, Aqueducts for America’s most fertile gardens. Citizens need Affordable Water and Hydro power

They should start by not being 4 hours late

Amtrak is a third world passenger train service while the rest of the developed world has made the leap to high speed rail.

CAGovernor GavinNewsom: Am­trak w cut 20% of its work­force in the next yr as the na­tional rail­road con­tin­ues to suf­fer from a huge de­cline in rid­er­ship as COVID pan­demic brought rail travel to a halt. Cancel the $100B. MoonbeamExpress from Noplace to Nowhere NOW!

The big corporations and the billionaires are making a fortune in the stock market. The Fed pumped in trillions of dollars to keep the market up to make Trump look good. It is the other 80%-90% of the economy that will suffer. The super rich always come out on top.

Tax Payers should stop funding Amtrak. Amtrak

Makes sense. 20% of the people in NY, CT, NJ and PA are going to move to red states. They want to live in Freedom.

Defund Amtrak...

I can only tell you, once the Silver Meteor. From Miami to Peñn Station, NYC. Was a great trip, in a suite. The food was unbelievable. Showers, WIFI, & great staff .

Maybe this is just a start as the economy is approching the Great Depression of 1928 ..

Not good for an industry that can't operate without fed help in the first place.

realKunalAShah If I didn’t know better, I would say that were in somewhat of a deflationary cycle, at least the part of the economy below the stock market level

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