Companies Are Getting Worse at Laying People Off
In the first half of the year, US employers let go of nearly 745,000 people, according to outplacement firm Challenger, Gray & Christmas. That's the second-highest number for the period since 2009 — surpassed only by the first six months of 2020, when COVID essentially shut down the global economy.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
20 minutes ago
- Yahoo
NY Gov. Kathy Hochul launches online guide for Trump's tariffs
NEW YORK (PIX11) – New York Governor Kathy Hochul has published an online resource guide to help navigate President Trump's new tariffs. 'International trade helps support the growth of New York State companies of all sizes, whether they're exporting or importing goods and services to expand their business and customer base,' reads the website. 'Understanding tariffs is important for companies looking to lower potential risk to their operations and supply chains.' More Local News The website includes details on how imports and exports may be affected. It will also tell New Yorkers and small business owners what products are subject to tariffs. A tariff is a tax imposed by a government on goods imported from another country. Tariffs raise costs for companies and consumers that rely on imports. For example, if a toy from a specific country costs $10 and a 50% tariff is imposed on items from that country, you will now pay extra because a tariff has been imposed. The new price will be $15, because 50% of $10 is $5. Trump has long promised tariffs; it was one of his key campaign promises to raise U.S. taxes on foreign goods to narrow the gap with the tariffs the White House says other countries unfairly impose on U.S. products. The White House has sent letters outlining higher tariffs to countries if they don't make trade deals with the U.S. by August. Brazil Myanmar Laos Cambodia Thailand Bangladesh Canada Serbia Indonesia Algeria Bosnia and Herzegovina Iraq Libya South Africa Sri Lanka Brunei Moldova Japan Kazakhstan Malaysia South Korea Tunisia Philippines Matthew Euzarraga is a multimedia journalist from El Paso, Texas. He has covered local news and LGBTQIA topics in the New York City Metro area since 2021. He joined the PIX11 Digital team in 2023. You can see more of his work here. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Bloomberg
29 minutes ago
- Bloomberg
It's Time to Invest in Your Needs, Not Wants
It seems Mick and Keith were right all along. You aren't always going to get what you want, but you might get what you need. And you should invest accordingly. Just this week, US President Donald Trump announced a plan to put a 50% tariff on imports of copper to the US, ostensibly an attempt to increase domestic supply. The UK Office of Budget Responsibility released a horrible assessment of the nation's public finances, making it clear that reform of the welfare state is an immediate imperative.
Bloomberg
32 minutes ago
- Bloomberg
FDA New Leadership, US Farming Economics, Corporate Breakups
This week, the FDA's new commissioner Dr. Marty Makary outlines a new approach to the department, hoping to restore public trust. Plus, checking in on the heartland of the US - we travel to Iowa to see how much American farmers rely on export markets. Later, a look at the ever-evolving media landscape and whether mergers and breakups have actually helped the challenged industry. (Source: Bloomberg)
