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Why are so many companies announcing mass layoffs?

Why are so many companies announcing mass layoffs?

Update: 2025-10-29
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It's time now for Ask An Expert. Every weekday at 9:20 AM on KCBS we're giving you direct access to top experts in various fields. Today, we're breaking down the steady stream of high-profile mass layoffs that seem to be coming from every industry across the economy. This comes as forecasting the future of the economy has become difficult in the absence of government data on the labor market.

For more, KCBS Radio anchor Steve Scott spoke with Martha Gimbel, executive director of The Budget Lab at Yale University.
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Why are so many companies announcing mass layoffs?

Why are so many companies announcing mass layoffs?