The economics of job cuts; why layoffs continue

US companies announced 82,307 job cuts in January — more than double the number in December — and layoffs are expanding beyond tech companies and media. About half the companies that have announced layoffs in the first two months of 2024 are in finance and other industries.

Some of the companies cutting jobs this year include Alphabet/Google, Amazon, Cisco, Citigroup, Citrix, DocuSign, eBay, Estée Lauder, Grammarly, Instacart, iRobot, Levi Strauss, Macy’s, Mattel, Microsoft, Morgan Stanley, Pixar, NASA, Nike, Okta, Paramount Global, PayPal, REI,  Rivian, Salesforce, Snapchat, Toast, Twitch, UPS, Unity Software, Wayfair, and Zoom. (In addition to Computerworld’s layoff tracker, you can get details about recent cuts from TechCrunch and

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Source:: Computerworld