The list of layoffs sweeping the US: Amazon, Tesla, Google, IBM
Companies have continued to cut jobs in 2024 after a wave of layoffs last year. Amazon, IBM, Google, UPS and Tesla are among those shedding staff.
A slew of companies across the tech, media, finance, and retail industries made significant cuts to staff in 2023. Tech titans like IBM, Google, Microsoft, finance giants like Goldman Sachs, and manufacturers like Dow all announced layoffs.
Nearly 40% of business leaders surveyed by ResumeBuilder think layoffs are likely at their companies this year, and about half say their companies will implement a hiring freeze. ResumeBuilder talked to about 900 leaders at organizations with more than 10 employees.
Half of those surveyed cited concerns about a recession as a reason. . . .
Another major factor is artificial intelligence. Around four in 10 respondents said they’ll conduct layoffs as they replace workers with AI. . . . .
The story is based on a survey by Resumebuilder.com
Which apparently was released over six months ago.
I can only guess why Business Insider is writing a fresh story as if it were fresh news.
Anyway here is their original analysis:
4 in 10 Companies Anticipate Layoffs in 2024
Last Updated: December 11, 2023
As suspicion of a recession in 2024 mounts, workers fear their job security.
To find out how many companies believe layoffs are likely next year, in December, ResumeBuilder.com surveyed 906 business leaders at organizations with over 10 employees.
Key findings:
38% of companies say they are likely to have layoffs in 2024
52% are likely to implement a hiring freeze in 2024
Half say anticipation of a recession is a reason for potential layoffs
4 in 10 say layoffs are due to replacing workers with artificial intelligence (AI)
3 in 10 companies reducing or eliminating holiday bonuses this year . . .
For 2024, 38% of business leaders surveyed say they think layoffs are likely at their organization. Of this group, 22% say 30% or more of the workforce may be let go.
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Business leaders from industries we surveyed with at least 50 respondents say layoffs at likely the following rates:
Surprising that Business Insider is finally admitting that. They usually parrot DNC talking points. I’m sure that the millions of unskilled illegals the Democrats invited will make the economy better.
Allsides.com did a blind survey (methods described below) and the survey respondents said with a clear voice that the articles etc. in Business Insider (they did not know what publication they were reading) show that it leans left…
Methods
A total of 964 people across the political spectrum took the survey, including 103 respondents
with a self-reported Left bias; 182 with a Lean Left bias; 306 with a Center bias; 289 with a Lean
Right bias, and 84 with a Right bias.
