‘Heartless’ mass layoffs hit US workers ahead of holidays – By Michael Sainato (The Guardian) / Dec 18, 2022
Job cuts have risen this year, even as the US economy shows no signs of a downturn for now
While many American workers are preparing for the holiday season, some are grappling with the mental and financial anguish of being suddenly laid off.
After corporations complained of labor shortages through 2021 and 2022, several companies have shed workers in mass layoffs as 2022 comes to a close.
Job cuts in the US have risen this year, with a 6% increase for the first 11 months of 2022 in comparison to last year. In 2021, 320,173 of them had been announced, though job cuts are lower in the past two years than in the previous few decades.
Driving the increase in job cuts is the tech sector, as numerous high profile tech companies, including Facebook’s Meta, Twitter and Amazon, announced mass layoffs in recent weeks.
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