Layoffs Coming to US Jobs Market in 2025
Snippet of Article: "...not everyone will have job security in 2025. The final months of 2024 delivered additional blows to workers in several sectors as numerous layoff announcements were made for 2025. Major companies, including Amazon, aircraft manufacturer Boeing, and budget carrier Spirit Airlines, have all announced layoffs that will impact employees into 2025. While the number of job layoffs across the U.S. in 2024 is not yet available, it's likely that it fared better than in 2023, when layoffs soared by 98 percent in 2022, given improving economic conditions. ...Job cuts rose toward the end of 2024 after a tumultuous year that saw layoffs increase and decrease frequently from month to month. U.S.-based employers announced 57,727 cuts in November 2024, a 3.8 percent increase from the 55,597 cuts announced in October"
Source: www.newsweek.com