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Second Wave of Layoffs is Here, Now Hitting Well-Paid Jobs

Summary:
A sort of sector rotation of layoffs, and it’s not a good sign, even as millions of lower-wage workers are being hired back.

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A sort of sector rotation of layoffs, and it’s not a good sign, even as millions of lower-wage workers are being hired back.
Wolf Richter
Founder, Wolf Street Corp. In his cynical, tongue-in-cheek manner, he muses on WOLF STREET about economic, business, and financial issues, Wall Street shenanigans, complex entanglements, and other things, debacles, and opportunities that catch his eye in the US, Europe, Japan, and occasionally China.

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