Layoffs

Patricia Gross, 47, has worked as an independent government contractor with various nonprofits since 2018. Those nonprofits are now out of work, and so is Gross.

Some workers impacted by government cuts are independent contractors who have canceled contracts with the U.S. Agency for International Development.

A number of companies have announced workforce reductions since the beginning of the year.

People are “getting really personal” and leveraging their social media networks, says Danielle Abril of The Washington Post.

Northvolt opened Europe’s first electric battery factory in 2022 but has laid off roughly 1,600 workers in recent months.

While layoffs have been low over the last few months, the uptick signals that the labor market may be starting to lose momentum.

That statistic has risen to almost a three-year high. But if the labor market continues to add jobs at current rates, losers may become winners.

Now, the company has to rebuild trust with workers as well as airline customers who have been canceling orders.

KPMG’s latest U.S. CEO Outlook survey finds that more than 70% of corporate executives feel AI “will not dramatically change their workforce.”

Even with a comparatively low unemployment rate, layoffs are rising. A new survey lays out some of the sacrifices workers are willing to make to avoid that fate.