Layoff Whiplash Scars Workers Who Find New Jobs Only to Lose Them [BNN Bloomberg (Canada)]
Alphabet Inc. - Class C Capital Stock (GOOG)
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Source: BNN Bloomberg
Having been laid off twice in the past three years, though, he hesitated, fearing he might jinx the new gig. Jones eventually sent the post, which said that “after a year of uncertainty, it's nice to have a moment of relief.” The moment didn't last long. About a week later, Jones, 25, got laid off — again. “My jaw dropped,” he said. “I had not even been there for 90 days, and the feedback I was getting was positive. I was completely confused.” It's a red-hot US job market, with the unemployment rate at its lowest in more than 50 years. But for the past year and a half, major companies like Amazon.com Inc. and Google parent Alphabet Inc. have been slashing jobs. This week, Tesla Inc. said it would lay off more than 10% of its staff. Unlike previous cycles, when employers might do one big layoff, lately employers have done multiple rounds of cuts, and certain sectors like recruitment and marketing have been hit particularly hard. That's left some workers on edge, with an increas
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