Companies announced nearly 90,000 layoffs in March, a major acceleration from the previous month, amid an increasingly grim outlook for the U.S. economy.
ARK Invest CEO and CIO Cathie Wood discusses where she sees growth in the stock market, and the future of technology and artificial intelligence sectors.
The pace of job cuts by U.S. employers accelerated in March, with the number of layoffs climbing 15% from just one month ago, according to a report published on Thursday by Challenger, Gray & Christmas. in March, with technology companies leading the way, the analysis showed. That is 319% higher than the same time one year ago.
So far this year, employers announced plans to cut more than 270,416 jobs, a 396% increase from the nearly 55,696 cuts announced in the equivalent time period last year. It is the highest quarterly total since the spring of 2020, when the economy was still in the throes of the
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