Layoff Tracker 2022

Jobs

Published: August 23, 2022 7:30 am

The recession, which is here or is coming, has caused the start of large numbers of layoffs. Some economists believe unemployment will go much higher. Former Treasury Secretary Larry Summers expects the jobless rate to go from the current 3.5% to at least 5.0% as the economy cools from a period of rampant inflation.
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Many of the companies with large layoffs are in the tech industry. There are some notable exceptions. Ford just announced 3,000 cuts. Ford said the reason was efficiency. As car sales are about to drop, the decision is convenient.

Some of the layoffs are notable for either their size or the percentage of the company’s total workforce. Admittedly, the list is not complete.

24/7 Wall St. has developed this layoff tracker to keep track of many of these.

24/7 Wall St.
The State With the Highest Unemployment in America

Company	Laid Off	Month
Better.com	3,000	June
Carvana	2,500	May
Coinbase	334	June
Compass	450	May
Ford	3,000	August
Groupon	500	August
HBO	70	August
Mr. Cooper	450	June
Netflix	150	May
Peloton	2,800	February
Redfin	470	May
Rivian	124	August
Robinhood	79	August
Shopify	1,000	July
Tesla	200	July
Walmart	200	July
Wayfair	96	August
Xiaomi	900	August

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