BuzzFeed, Lyft, Whole Foods, and Deloitte recently announced layoffs that affected thousands of American workers. They join a growing list of companies that are reducing their workforce this year amid concerns about the future of the economy, as well as the need to downsize after a wave of hiring during the pandemic.
After months of historic post-pandemic growth, the labor market is also beginning to slow down. U.S. employers created 236,000 jobs in March, below expectations.
The March total is a notable decrease from the 326,000 jobs created in February and the significant number of jobs created in January – 472,000.
In the past 12 months, the labor market has recorded a net gain of over 4.1 million jobs, with an average of 345,417 jobs generated per month, helping to reduce the unemployment rate to its lowest levels in decades.
Which companies are laying off workers and how many people will lose their jobs?
• 3M: 8,500
• Lyft: 13% of employees
• Whole Foods: less than 1% of its workforce
• Deloitte: 1,200
• BuzzFeed: 180
• David’s Bridal: 9,236
• Walmart: 2,000
• McDonald’s: not disclosed
• Meta: about 21,000
• Disney: 7,000
• Accenture: 19,000
• Amazon: 27,000
• Indeed: 2,200
• SiriusXM: 475
• Ericsson: 8,500
• Zoom: 1,300
• Dell: 6,500
• PayPal: 2,000
• IBM: 3,900
• Microsoft: 10,000
• Salesforce: 7,000
Source: CNN