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The world is headed into Dragflation: Declining economic growth and rising inflation. This combination of rising prices and rising interest rates whereby people pay more to buy less has resulted in companies in many sectors to lay off employees. To illustrate the employment trends and the socioeconomic implications, for the past 14 weeks we have listed job losses.
- Microsoft laid off 1,000 workers in its latest round of cuts
- J&J in Manhattan cut 64 staff
- Loom lost 23 employees
- Astreya Partners fired 144 workers
- Elon Musk is planning to fire 75 percent of twitter
- Criterion axed 16 workers
- Starry Inc. fired 508 employees
- Sanford Health cut an unknown amount of workers
- RePower South Montgomery Alabama cut 21 staff
- Leafly Holdings Inc. lost 56 workers
- Gopuff fired another 250 staff members
- AtoB laid off 32
- Siemens Gamesa cut 2,900 jobs
- Vacasa laid off 3 percent of its workforce, firing 280
- Snyk cut 14 percent of its staff affecting 198 employees
- Philips will cut 4,000 jobs shrinking 5 percent
- Intel CEO announced “targeted cuts” this week, rumors of up to 20 percent of the workforce, up to 20,000 could be affected
- Allied University Security Services cut over 1,200 jobs
- Digital Freight Startup Convoy announced more layoffs
- Telehealth company Cerebral is laying off 20 percent of staff