Revelations 13:16-18 “Also it causes all, both small and great, both rich and poor, both free and slave, to be marked on the right hand or the forehead, so that no one can buy or sell unless he has the mark, that is, the name of the beast or the number of its name. This calls for wisdom: let the one who has understanding calculate the number of the beast, for it is the number of a man, and his number is 666.”
Important Takeaways:
- Job Cuts Drop 49% in June 2023, Lowest Total Since October 2022; Is the Tech Purge Over?
- U.S.-based employers announced 40,709 cuts in June, down 49% from the 80,089 cuts announced in May. It is up 25% from the 32,517 announced in the same month one year prior, according to a report released Thursday from global outplacement and business and executive coaching firm Challenger, Gray & Christmas, Inc.
- Despite the drop, June’s total marks the sixth time this year when cuts were higher than the corresponding month a year earlier.
- Employers have announced 458,209 cuts so far this year, a 244% increase from the 133,211 cuts announced through June 2022. It is the highest first-half total since 2020, when 1,585,047 cuts were recorded. With the exception of 2020, it is the highest January to June total since 2009, when 896,675 job cuts were announced.
- Technology is leading in job cut announcements this year with 141,516, up 2,353% from the 5,769 cuts announced in the same period last year is now the second-highest total for the sector ever, with only 2001 leading.
- Retail companies announced the second-most job cuts this year with 48,212, a 718% increase from the 5,896 cuts announced in the sector during the same time last year.
- Financial firms announced the third-most cuts so far in 2023 with 39,768, up 268% from the 10,800 cuts announced in the sector in the first half of 2022. Health Care/Products companies and manufacturers, including hospitals, announced 38,279, up 97% from the 19,390 cuts in the first half of last year.
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