Layoffs Sweep the Nation: What to do and Which Companies Made Cuts

The challenging economic conditions have led many companies to cut large numbers of employees. The most recent, and most talked about, are the rumors of Elon Musk cutting 25% of Twitter’s staff just a week after he took over the company. The Washington Post obtained this information from four different anonymous sources. 

But prior to that, many other companies made headlines with alarming layoff announcements. Here are some of the companies that have made the cut so far and how my employees they lost, according to Business Insider.

• • Peloton, over 4,600 
  • Shopify, around 1,000
  • Gap, around 500 
  • Tesla: over 200
  • JPMorgan, over 1,000

Be sure to check out this Business Insider article for the full list. 

As for what to do if you were one of the employees that were unfortunately laid off, Ken Coleman from Ramsey Solutions has some great tips.

• • Connect with friends and family.
  • Tighten up the budget
  • Figure out what benefits you have.
  • Create some new routines 

Read Coleman’s full article including how to search for jobs after being laid off here.