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Who to fire? How the biggest companies plan mass layoffs
Employers such as Goldman Sachs, Meta and Ford have been shedding thousands of jobs. How the axe falls can do lasting damage to morale and future growth.
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Management experts caution that there are better and worse ways to reduce payrolls.
PHOTO ILLUSTRATION: PEXELS
Brooke Masters
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Job cuts are very much on corporate minds. A first round of swingeing culls hit the technology sector in November. US companies including Goldman Sachs, Microsoft and Amazon followed by laying off nearly 103,000 people in January, the highest monthly total since the height of the coronavirus pandemic.
Now the misery is spreading, as executives hunker down ahead of a possible recession.
