Planned layoffs totaled 89,703 for the period, an increase of 15% from February, according to Challenger, Gray & Christmas.The damage was especially bad in tech, which announced has announced 102,391 cuts so far in 2023. That's a staggering increase of 38,487% from a year ago.
Planned layoffs totaled 89,703 for the period, an increase of 15% from February. Year to date, job cuts have soared to 270,416, an increase of 396% from the same period a year ago. "We know companies are approaching 2023 with caution, though the economy is still creating jobs," said Andrew Challenger, senior vice president of Challenger, Gray & Christmas. "With rate hikes continuing and companies' reigning in costs, the large-scale layoffs we are seeing will likely continue."
At the same time, planned hiring waned in March, totaling just 9,044, or the worst for the month since 2015. On a year-to-date basis, planned additions are at the lowest quarterly total since 2016.
Biden's America..
Yep, further pointing to the fact Biden's job numbers are BS!
Should boycott these shit companies and take their stock for a good swing .. before layoff happens for every one
That was why big techs kept reporting with upbeats in revenue and eps. They all rose like nothing ever happened in last 2 years. They had to use lay-offs as a beat-estimate surprise.
How are layoffs up five fold but yet the unemployment rate remains the lowest in over a decade lol.
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