Layoffs

Layoffs are often one of the first ways companies cut costs. But they don’t take them lightly because there’s a lot at stake, not least employee goodwill and public image.

Salesforce said this week it’s reducing office space and laying off about 10% of its workforce, after years of increasing employee headcount. Some analysts say this could be a sign of the company maturing.

The labor market is still pretty tight, but the smallest businesses are more vulnerable to an economic downturn.

Unemployment claims show that laid-off workers are not staying unemployed for long. That's because hiring remains strong.

Some employees are tapping into their networks on LinkedIn to try to get new jobs.

A lot of people have been quitting their jobs ever since the pandemic started, thanks in part to the tight labor market. But lately, there are signs that job churn could be returning to its pre-pandemic level.

About 225,000 filed unemployment claims last week. The public soured on the Fed the last time it jacked up interest rates to quell inflation.

Job cuts at DoorDash reflect a changing economy.

With tech companies announcing staffing cuts, you shared some of your own experiences surviving layoffs.

From Meta to Twitter to Twilio, companies are realizing they might have grown too quickly.