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Persistently high jobless claims, along with this week’s announcements of tens of thousands of layoffs, indicate widespread economic pain.October 2
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Sales and customer-support roles are among those being eliminated, and affects some workers who sell the company’s software aimed at financial-services firms, health and life-science companies and other cloud sales teams.August 28
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The world’s biggest retailer has laid off hundreds of workers in its store planning, logistics and real estate units.July 30
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While recessions are almost impossible to predict, employers can plan for the financial impact caused by workforce adjustments that inevitably happen every year.July 29
executive vice president of operationsCustodia Financial
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The cuts are needed because the coronavirus pandemic is still battering demand for flights, the company told employees Wednesday.July 17
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Reed SmithMost of the firm’s professional assistants and “select professional staff” will move to a shorter work week and will see compensation reductions.June 5
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“Employers are grappling with the seemingly endemic skills gaps in healthcare, supply chain and skilled trade fields,” says Rachel Carlson, CEO of Guild Education.May 11
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With factories, schools and shops shuttered around the world, lockdowns, pay cuts and layoffs are affecting 38% of the global workforce.April 8
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During recessions, not only do layoffs accelerate, but hiring drops sharply, exacerbating the labor market weakness.April 6
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“This morning’s data leaves no doubt that the economy is currently in a recession,” said Matthew Luzzetti, chief U.S. economist at Deutsche Bank.March 26
