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US layoffs for October surge to two-decade high(reuters.com)
47 points by geox a day ago | 3 comments
Peroni a day ago | parent | next [-]

>Some industries are correcting after the hiring boom of the pandemic

The main correction is the staggering reduction in job vacancies. There's no world where I can be convinced that the surging number of redundancies can be explained away as a post-COVID course correction.

If this was just the market correcting itself, we would have the same level of unemployment today as what we had pre-COVID.

egberts1 a day ago | parent | prev [-]

Is it mostly H1-Bs?

fred_is_fred a day ago | parent [-]

Not at my company.