Marketplace All-in-One On track for a layoffs record
Oct 2, 2025
This time, Jenny Han, a bestselling novelist and showrunner of 'The Summer I Turned Pretty,' shares her inspiring journey from librarian to creator. She reveals how her early experiences shaped her storytelling and audience insights. Jenny talks about balancing creative control with business demands in television and her bold success in securing Taylor Swift's music for the show. Alongside discussions about rising layoffs and economic shifts, her unique perspective on adapting stories provides an engaging look into the creative process.
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Layoffs Up Despite Low Turnover
- Layoff announcements this year are the highest since 2020, driven partly by large federal and contractor cuts.
- The jobs market is low-hiring and low-firing overall, but announced cuts have raised the pool of job seekers.
Federal Cuts Ripple Through Local Economies
- Federal workforce cuts and contract spillovers hit nonprofits, consultancies, and local restaurants.
- Those ripple effects reduce local demand and deepen job losses beyond the initial federal layoffs.
AI Prompts Role Reassessment
- Companies are testing whether roles can be replaced by AI when positions open up.
- That experimentation is contributing to higher layoffs in tech and prompting investor expectations of AI impacts across sectors.
