Layoffs Soar to Five-Year High; Critics Blame Trump Policies and Economic Concerns
Job cuts in the U.S. have reached a five-year high, with over a million Americans losing their jobs this year, the highest since 2020. November saw 71,321 job cuts, a 24% increase from the previous year, marking the highest for the month since 2022. Experts attribute these cuts to factors such as slowing consumer spending, the implementation of AI and automation, and companies correcting over-hiring practices following the pandemic. As financial uncertainty grows, the importance of financial preparedness and adaptability in the workforce is emphasized.
John Q. Hosedrinker