Close this search box.

The Lead: Here Come The Layoffs

White-collar workers are being hit with layoffs and cuts to their Christmas bonuses.

Goldman Sachs warned that the “compensation pool will be slashed by a low double-digit percentage.” That means bonuses could be down by 15% or more.

Layoffs have hit corporate staff first at DoorDash, Amazon, Facebook, Ford, Walmart, H&M, and more. CNN also announced layoffs that included on-air reporters. Companies that are not laying off are slowing their hiring.

The Wall Street Journal surveyed economists in October and found that experts estimate a 63% chance of a coming recession. If we learned anything from Clark Griswold, let it be this: Now is not a good time to put a deposit down on a pool!

Related Articles

Join the mailing list

Get the daily email that makes reading the investment news actually enjoyable.

Related Articles

Redacted is an independent platform, unencumbered by external factors or restrictive policies, on which Clayton and Natali Morris bring you quality information, balanced reporting, constructive debate, and thoughtful narratives.