10 Major Layoff Announcements That Have Already Happened So Far In 2023
Francesco Abbruzzino, The Uncensored Report, LLC
This is my rebuttal to those in the federal government and elsewhere that are attempting to claim that the job market is in good shape. No matter how many workers get laid off, the Bureau of Labor Statistics always seems to find a way to post a positive jobs number each month. We were told that the U.S. economy somehow added 256,000 jobs in November even though Challenger, Gray & Christmas determined that the number of layoffs in November 2022 was actually 417 percent higher than it was during the same month a year earlier. And even though the tsunami of layoffs continued in December, the Bureau of Labor Statistics is telling us that the U.S. economy somehow added 223,000 jobs last month. It is almost as if there is a certain number that the BLS refuses to go below. For each of the last five months, the number of jobs that the U.S. has “added” has miraculously come in between 200,000 and 300,000 each time. But meanwhile large companies all over America have been laying off workers at a staggering rate.
Unfortunately, the pace of layoffs seems to be picking up speed during the early days of 2023. The following are 10 major layoff announcements that have already happened so far this year…
#1 Salesforce has announced that approximately 10 percent of their workers will be canned…
Salesforce Inc. plans to cut about 10% of its staff as part of a restructuring plan, the software company said Wednesday.
The company will also exit some real estate and cut back on office space, it disclosed in a filing with the Securities and Exchange Commission. The plan is aimed to reduce operating costs, boost operating margins, and drive “profitable growth.”
#2 Vimeo says that “11% of the company’s workforce” will be permanently canceled…
Vimeo has launched another round of layoffs, a company spokesperson confirmed to Insider on Wednesday.
In an email to staff, Vimeo CEO Anjali Sud said the layoffs would impact 11% of the company’s workforce.
#3 StickFix is eliminating “about 20% of its salaried workforce” as the company starts to come apart at the seams…
StitchFix will cut about 20% of its salaried workforce, according to a statement published by the company on Thursday.
Along with the cuts, the company’s CEO is stepping down, the company announced in a statement.
The company will also close a Salt Lake City, Utah facility, they said.
#4 Their first round of layoffs was not deep enough, and so now Genesis is saying goodbye to “30% of its workforce in a second round of layoffs”…