Drunk with Easy Money, companies were hogging office space and workers for a future that did not come.
The WARN filings, by company.
BART was already “facing a fiscal cliff” after working from home and driving to work caused revenues to collapse.
Are we seeing the psychological effects of layoff-stories everywhere that replaced labor-shortage-stories, though the labor market overall hasn’t changed much?
Many of these announced layoffs are in the future and won’t be in the US and won’t impact the US labor market. But we got data on actual layoffs and discharges in the US today.
Maybe just a little. But not seeing the Great Loosening of the job market yet. Laid-off H-1B visa holders complicate the picture.
Now starting to (but just a little).
Higher interest rates, for longer.
Workers still leveraging this historically tight labor market, but a little more cautiously?
Other companies are licking their chops at finally being able to hire tech workers.