Why are U.S. layoffs rising even as corporate profits surge?

As U.S. corporate profits rise and the stock market hits new highs, investors are reaping the rewards. Yet beneath the surge, companies have cut nearly 1 million jobs this year…

October layoffs soared to their highest for the month in 22 years: report

Layoffs across the U.S. soared last month to more than 153,000, marking the worst October for job reductions in 22 years, according to outplacement firm Challenger, Gray & Christmas. Employers have…

White House tells agencies to prepare for layoffs if government shuts down

Washington — The White House’s Office of Management and Budget sent a memo to federal agencies Wednesday night telling them to prepare layoff plans if there is a government shutdown,…

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