candycorn
Diamond Member
Layoffs are piling up, heightening worker anxiety. Here are some of the biggest recent job cuts
As layoffs pile up, workers are feeling increasingly anxious about the job market. Economists have said businesses are in a "no-hire, no-fire" standstill as hiring stalls overall.
From the piece:
30,000 From Amazon distribution
30,000 From UPS Operations (along with another 12,000 they won't replace)
6,000 From Hewlett Packard
13,000 From Verizon
The "good" news is that as these companies shed salaries and wages, the stock market is doing marginally better (if you can afford to buy some shares)
Who/What's to blame?
Trump's Tariffs of course. Again from the piece...
"Employers have initiated layoffs across sectors — with many pointing to rising operational costs that span from President Donald Trump’s barrage of new tariffs, stubborn inflation and shifts in spending from consumers, whose outlook on the U.S. economy recently plummeted to its lowest level since 2014. "
