The Confusing Job Market: Tech and Finance Brace for the Worst, Retail Is Mixed, Travel Can't Hire Fast Enough

  • 📰 nbcchicago
  • ⏱ Reading Time:
  • 48 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 23%
  • Publisher: 51%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

The economy has shifted so abruptly in 2022 that most of the big employment trends from the Covid era have reversed, creating major challenges for employers.

With all of the downsizing taking place across wide swaths of the U.S. economy, the applicant pool should be wide open for airlines, restaurants and hospitality companies, which are trying to repopulate their ranks after undergoing mass layoffs when Covid-19 hit.

It's not so easy. Even though Amazon has reduced headcount of late, it's still got far more people working in its warehouses than it did two years ago. Last year the companyHilton CEO Christopher Nassetta said on the quarterly earnings call in May that heand that the company needs more workers.

At airlines, headcount fell as low as 364,471 in November 2020, even though that wasn't supposed to happen. U.S. carriers accepted $54 billion in taxpayer aid to keep staff on their payroll. But while layoffs were prohibited, voluntary buyouts were not, and airlines including Delta andshed thousands of workers. Delta last month said it has added 18,000 employees since the start of 2021, a similar number to what it let go during the pandemic in order to slash costs.

The industry is struggling to hire and train enough workers, particularly pilots, a process that takes several weeks to meet federal standards. Delta,

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

reshiftmedia hired Shambhavi Anand who knowingly broke 🇮🇳abortion law(20wks) TWICE (6 & 7mnths-A Criminal Offense) aborted 7mnths alive girl then fled 2🇨🇦 BrockUniversity GoodmanSchool 2 b 'Future Business Leader' CIM_National AmerLifeLeague cdnpoli

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 545. in İE

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Car finance explainedSo you’ve decided to buy a car, but how should you finance it? Our comprehensive guide takes you through the pros and cons of all the options
Source: whatcar - 🏆 554. / 51 Read more »