US layoffs for October surge to two-decade high

reuters.com

56 pointsgeox4 comments

>Some industries are correcting after the hiring boom of the pandemic

The main correction is the staggering reduction in job vacancies. There's no world where I can be convinced that the surging number of redundancies can be explained away as a post-COVID course correction.

If this was just the market correcting itself, we would have the same level of unemployment today as what we had pre-COVID.

Is it mostly H1-Bs?

Not at my company.

I'm not sure why it would be, most of the H1-B changes didn't require that anyone get fired outright and the rules seemed to have a lot of caveats to them ... you could get the fees and such just waved ...

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