This Year’s Large-Scale Layoffs and Their Companies

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According to the Washington Post, some of the deepest cuts have occurred in the tech and media sectors such as Microsoft, Amazon, Salesforce, HP, and the parent companies of Google and Facebook.

Questions:

  1. Where does unemployment stand as of November 2023?
  2. According to the article and the table shown, which company laid off the most workers in terms of percentage of workers since May 2022 and what percentage was that?
  3. In total number of laid off individuals, which company laid off the most workers and how many was that?
  4. What types of risks did these companies face?
  5. Which company surprised you most and why?

Source:

Mark, J., H. Shaban, A. Gregg, and J. Bogage. (2023). These are some of the notable companies laying off workers. The Washington Post, Dec. 18 (Retrievable online at https://www.washingtonpost.com/business/2023/01/06/layoff-numbers)