Discharge Data

While many firms are laying off staff, be it Amazon winnowing 18,000 or Disney culling 7,000, they all cut roughly 5% of their workforce. These firms probably decided in late 2022 based on economic conditions to start layoffs in early 2023. Others took advantage of layoffs elsewhere to implement opportunistic layoffs to mollify investors, while some overhired. If the cuts are much deeper, that suggests something more company specific.