This post was originally published on this site
I
t appears another Y2K trend is making a comeback: laying off workers right before the holidays.U
S-based employers announced 71,321 layoffs in November, an analysis from outplacement firm Challenger, Gray, and Christmas found, marking a 24% increase year over year.L
ast month marked the third time since 2008 that layoffs in November exceeded 70,000, with the other two times being in 2008 and 2022. According to the firm, layoffs between 1993 and 2000 remained below 70,000 in November, before spiking between 2001 and 2008. The practice of laying off right before the holidays fell out of fashion during the Great Recession, according