BuzzFeed, Lyft, Whole Foods and Deloitte all recently announced layoffs affecting thousands of US workers. They join a growing list of companies cutting back on their workforce this year amid concerns about economic uncertainty, as well as the need to rightsize after going on a hiring spree during the pandemic.
The slew of widely publicized layoffs comes as the job market begins to slow, following months of historic post-pandemic growth. US employers added just 236,000 jobs in March, below expectations — and a sign that the Federal Reserve’s yearlong rate-hiking campaign to chill inflation is now also cooling the labor market.
First-time claims for unemployment benefits rose to 245,000 for the week ended April 15, above expectations of 240,000, according to data released Thursday by the Department of Labor. March’s shift in momentum indicates that could be changing. Around 89,703 layoffs were announced in March, a 15% gain from February, according to a report from global outplacement firm Challenger, Gray & Christmas.
Here is a list of major companies that have reduced their workforces this year. Original Source