In March, nearly 100 US companies, including major retailers like Joann Fabrics and Walgreens, announced significant layoffs, according to reports. The job cuts, disclosed through WARN notices, reflect a shift in the workforce driven by rising interest rates, automation, and corporate restructuring. Tech giants such as Intel and FedEx are also reducing their workforce. Experts predict ongoing impacts on employment, as companies continue to prioritize profitability and operational efficiency, even amidst healthy corporate profits.
In March, nearly 100 US companies, including major retailers like Joann Fabrics and Walgreens, announced significant layoffs, according to reports. The job cuts, disclosed through WARN notices, reflect a shift in the workforce driven by rising interest rates, automation, and corporate restructuring. Tech giants such as Intel and FedEx are also reducing their workforce. Experts predict ongoing impacts on employment, as companies continue to prioritize profitability and operational efficiency, even amidst healthy corporate profits. In March, nearly 100 US companies, including major retailers like Joann Fabrics and Walgreens, announced significant layoffs, according to reports. The job cuts, disclosed through WARN notices, reflect a shift in the workforce driven by rising interest rates, automation, and corporate restructuring. Tech giants such as Intel and FedEx are also reducing their workforce. Experts predict ongoing impacts on employment, as companies continue to prioritize profitability and operational efficiency, even amidst healthy corporate profits.
