Employment Development Department – Page 5

California State Auditor Rates Unemployment Agency ‘High Risk’

August 25, 2023 3:05 pmAugust 25, 2023 3:48 pm

The California State Auditor’s Office has slapped the omni-shambles Employment Development Department, California’s unemployment agency with a “high risk” rating, meaning that the “likelihood of waste, fraud, abuse, or mismanagement or the likelihood of impaired economy, efficiency, or effectiveness causing...

Intel Announces 140 More Job Cuts In Latest California Tech Sector Layoffs

August 18, 2023 11:56 amAugust 18, 2023 11:56 am

Mass tech layoffs returned to the Bay Area on Thursday following a relatively calm summer, with Intel announcing that an additional 140 employees are to be let go by the end of the month. Beginning in October of last year,...

Is the California EDD Pulling a Pandemic Scam?

June 30, 2023 8:23 amJuly 2, 2023 12:20 pm

Despite already owing the federal government billions, and despite state businesses already paying a surcharge to cover that debt, the Employment Development Department (EDD) will be borrowing even more federal money to cover costs for the foreseeable future. In other...

And They Wonder Why… Media Run Cover for Political Allies

June 29, 2023 2:45 amJune 29, 2023 2:46 am

Yesterday, a big newspaper ran a “think piece” about why the public doesn’t trust the media anymore. The day before, there was an “op-ed” on the subject. Last week, there was a 2,000-word analysis of the issue. In fact, over...

California Owes the Feds More Than THREE YEARS of its Total Unemployment Tax Revenue

June 15, 2023 3:59 pmJune 15, 2023 4:12 pm

Right now, the California Employment Development Department owes the federal government $17,649,112,337.77 (billion) for the money it borrowed during the pandemic. The EDD expects to take in about $16.2 billion over the next three years in unemployment taxes. That means...

The Great Heist of California’s Fort Knox

April 25, 2023 12:59 pmApril 25, 2023 1:00 pm

“Fort Knox gets knocked over!” This fulsome headline would surely get worldwide attention and rightly so. Intrigue, speculation and theories about whodunnit and how it all went down would dominate the news cycle for months. What if it...

California’s EDD Continues to Borrow Hundreds of Millions – about $13 million PER DAY – To Meet its Obligations

November 28, 2022 2:30 amNovember 27, 2022 4:24 pm

Though much of the Sacramento bureaucratic blob was exposed as the simultaneously incompetent and corrupt menace it is during the pandemic, one agency stood apart by proving itself the most inept and cruel organization in the capitol – the Employment...