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Layoff

With more good news about the job market, why are we hearing about so many layoffs?

by Meghan McCarty Carino
Feb 15, 2024
Layoff announcements at big companies --like Cisco, this week--can seem at odds with low unemployment claim numbers and positive monthly job reports.
Amid more good news about a bustling job market, Cisco announced major layoffs this week.
Alexander Koerner / Getty Images
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My Economy

A veteran navigates life amid job loss and high inflation

by Sarah Leeson
Sep 13, 2022
After being laid off, marketing professional Collin Cook has been pitching himself as a "Swiss Army knife." He's had mixed results.
"You literally go through the five stages of grief" after being laid off, said Collin Cook, who's had trouble finding the right job as a generalist in the marketing field.
David McNew/Getty Images
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COVID & Unemployment

For furloughed workers, the psychological toll can be as heavy as the economic one

by Erika Beras
Oct 1, 2020
Add in the pandemic, the struggle for racial justice and the uncertainty surrounding the election, and the anxiety can be overwhelming.
Being furloughed, combined with the struggle for social justice and the uncertainty around the election and the pandemic, can be overwhelming.
Spencer Platt/Getty Images
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COVID & Unemployment

Furloughs turning into permanent layoffs as pandemic drags on

by Kristin Schwab
Sep 8, 2020
Job losses are moving past lockdown-hit businesses to other sectors that were doing fine for a while.
Every month a worker is on temporary unemployment, they have about a 10% to 15% chance of transitioning to a permanent separation, according to one labor economist.
Spencer Platt/Getty Images
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