Layoffs are up nearly fivefold

[tsptalk]

Layoffs are up nearly fivefold so far this year with tech companies leading the way

Planned layoffs totaled 89,703 for the period, an increase of 15% from February, according to Challenger, Gray & Christmas.

Job cuts have soared to 270,416 so far in 2023, an increase of 396% from the same period a year ago.

The damage was especially bad in tech, which has announced 102,391 cuts so far in 2023. That’s a staggering increase of 38,487% from a year ago.

https://www.cnbc.com/2023/04/06/lay...year-with-tech-companies-leading-the-way.html