Current Trends in Layoffs

The rising number of layoffs across major companies highlights an ongoing trend of overhiring during recent growth cycles. With significant layoffs reported from firms like Meta, Amazon, and Salesforce, it becomes clear that many organizations have not adequately prepared for economic cycles, leading to excessive growth without strategic foresight. This situation has been exacerbated by consumers reaching their financial limits, as indicated by high personal debt loads and stagnating wage growth. As the economy enters a potential correction phase, businesses will likely need to recalibrate their strategies and address the impact of these layoffs on their overall operations.