As interest rates rise and companies tighten their belts, white-collar workers have taken the brunt of layoffs and job cuts, breaking with the usual pattern leading into a downturn. WSJ explains why many professionals are getting the pink slip first. Illustration: Adele Morgan, becoming the latest tech titan to announce an additional round of cuts amid concerns about the health of the global economy.
Chief Executive Satya Nadella said in a blog post to employees Wednesday that the layoffs would affect less than 5% of the company’s global workforce.
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Replaced by AI?
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Maybe they can get a laid off coal miner to teach them to build a solar panel.
Great economy joe