by Michael Snyder, End Of The American Dream:

We haven’t seen a tsunami of layoffs like this since the Great Recession.  According to Challenger, Gray & Christmas, the number of job cuts announced in January and February was 427 percent higher than during the same period in 2022.  Unfortunately, the mass layoffs have just continued to roll on here in March.  If corporate executives believed that economic conditions would soon improve, they would not be doing this.  Sadly, they can see what the rest of us can see.  Economic conditions are rapidly deteriorating, and at this point even some of the wealthiest and most prosperous firms in the entire nation are giving the axe to vast numbers of workers.