Holiday Layoffs Surge: Job Market Uncertainty

As the holiday season unfolds, a troubling trend emerges: a surge in layoffs. Companies like Verizon are cutting thousands of jobs, marking a departure from the traditional avoidance of job cuts during this time. Hiring has also plummeted, reaching its lowest point in fifteen years. Despite government shutdowns and delays, other studies suggest an uncertain job market. Wells Fargos CEO anticipates more job cuts, indicating a grim outlook for the fourth quarter.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.