Is this the reason for the fastest easing of financial conditions in history?

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Massive Layoffs Are Coming in 2024

Mass layoffs are in store for 2024, and it might end up affecting nearly half of companies, according to a new poll.

That’s the latest information from a Resume Builder survey, based on responses from more than 900 companies this month. Resume Builder is a professional platform that allows users to create resumes in just a few steps.

In the survey, nearly four in 10 companies said they are likely to have layoffs in 2024, prompting increased fears of a recession around the corner. More than half of companies also said they plan to implement a hiring freeze in 2024.

When asked why the companies were engaging in the layoffs, half said the anticipation of a recession was a reason. Meanwhile, a little less, four in 10 said they are going to lay off employees and replace workers with artificial intelligence (AI).

The news comes as Google is reportedly gearing up to lay off 30,000 employees in its ad sales units in favor of AI ad tech.

In 2023, 65 percent of business leaders said their companies already had layoffs, with 25 percent saying they laid off 30 percent or more of the workforce.

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