The ‘forever layoffs’ era hits a recession trigger as corporates sack 1.1 million workers through November
NegativeFinancial Markets
- Corporates have laid off 1.1 million workers through November, marking the highest number of job cuts since 2020 and the most significant layoffs since 2009. This trend reflects a growing concern about economic stability and potential recession triggers in the market.
- The surge in layoffs indicates a troubling shift in corporate strategies, suggesting that companies are bracing for economic downturns by reducing their workforce. This could have far-reaching implications for consumer spending and overall economic health, as job losses typically lead to decreased purchasing power.
— via World Pulse Now AI Editorial System
