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Why Layoffs Are Hitting Professional Workers
White-collar sectors face cuts as firms tighten belts post-boom.
As the post-pandemic economic recovery slows down, many companies are looking to trim their bottom lines through restructuring and layoffs. Unlike in previous downturns, however, professional employees have largely been on the receiving end of these job cuts. The video below examines why white collar workers are more likely to receive a pink slip than their blue collar brethren.
Questions:
- Why are white collar workers facing a disproportionate amount of layoffs as the economy slows down?
- How can the strong job market potentially benefit professionals like tech workers who have recently been laid off?
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