LABOR CONCERNS: Layoffs mount as job market gets murky ahead of monthly report
FHN Financial chief economist takes a closer look at consumer confidence falling for the second straight month on 'Making Money.'
Amazon, Apple, Meta, Lyft and Twitter are among the companies either implementing hiring freezes or letting workers go as themoves to raise interest rates at the fastest pace in decades in order to combat inflation. Economists widely expect the Fed to trigger a recession with higher interest rates, which could force consumers and ultimately businesses to pull back on spending.
People seeking employment attend the 25th annual Central Florida Employment Council Job Fair at the Central Florida Fairgrounds.
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Layoffs? What Layoffs?Heard on the Street: Every day it feels like another big American company is announcing layoffs. But even if you squint, it's hard to find those layoffs showing up in job-market statistics.
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November job growth slowed but will still show strength despite layoffs, hiring freezesEconomists expect the Fed's tighter money policy will ultimately result in negative monthly payroll numbers, but not just yet.
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Media layoffs mount as CNN announces it will make cuts this weekOn-air contributors are expected to be among those getting axed at CNN, which is getting squeezed by parent Warner Bros. Discovery to reduce costs.
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Tech Industry Layoffs Continue to MountThe tech industry usually leads the way up when it comes to growth. Lately, though, it has been laying people off at a much higher rate than the rest of the economy. HR giant Challenger, Gray and Christmas said while the overall economy has seen a 6% rise in layoffs since this time last year, the tech industry has seen…
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CNN layoffs continue with Chris Cillizza among prominent staffers let goWidespread layoffs at CNN were implemented this week amid the network's efforts to cut costs, which included the departure of politics reporter and editor-at-large Chris Cillizza.
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