The number of S&P 500 companies discussing layoffs increased in April, reaching the highest level in two years:
It shows that the number of companies citing layoffs in their earnings reports has increased dramatically since 2006. In 2009, the year of the financial crisis, there was a huge increase in the number of companies citing layoffs, growing by almost 1,000 % compared to previous year The upward trend has continued in recent years, albeit at a slower pace. This could be due to many factors, such as automation and globalization creating fewer jobs overall, or it could simply be because more companies are being honest about their layoff plans to avoid negative publicity. Either way, it’s clear that layoffs are becoming more common across all industries.