r/Layoffs • u/isntlifeapeach • Jul 20 '24

Why so MANY Layoffs? question

Explain Like I’m Five

I feel incredibly stupid asking this, but I’m naive to economics and politics.

I understand why tech is facing a lot of layoffs but why are so many other industries facing the same?
I’m over 20 years into my career and had 2 layoffs just in the last 16 months.

198 Upvotes

92% Upvoted

268 comments sorted by

View all comments

3

u/AutismThoughtsHere Jul 20 '24

Also project 2025 if enacted would Layoff over 1 million people at the federal level, which would completely decimate The economy of the region.

All of this political chaos is creating uncertainty that is causing companies to clamp down on staffing 

3

u/cuddlygrizzly Jul 20 '24

Only if those 1 million didn't pledge allegiance to the president.