RESEARCH TRIANGLE PARK – Layoffs continue to happen across the US economy, and workers aren’t being spared worldwide either. But now than Christmas is passed and spending likely to slow in the wake of holiday binges, what happens next?
CNBC’s Jim Cramer predicted earlier this month that job cuts will surge post-Christmas:
“I’m sure there’ll be many layoffs after Christmas. I don’t want to finger-point at the retailers who’re most likely to be thrown into bankruptcy when the holidays are over, but I do want people to realize that, in a way, our current high-inflation economy is a high-quality problem,” he said.
Big layoffs remain low in number across North Carolina, as WRAL TechWire has reported. And on Monday, N.C. State economist Dr. Mike Walden reported the state’s economy grew in November, possibly meaning good business news entering the New Year.
However, not every job is safe as new reports of job cuts continue to show.
Crunchbase reports that “[m]ore than 91,000 workers in the U.S. tech sector have been laid off in mass job cuts so far in 2022.
Worldwide, 1,004 tech-focused companies have laid off more than 152,000 employees.
The latest big number: Automotive tech company TuSimple in San Diego cut 350 workers – or 25% of its workforce – according to TechCrunch.
So far in December, 113 companies have sliced payroll.
Chip giant Micron is joining the list, disclosing in an SEC filing that it expects to cut 10% of its workforce through out 2023.
Locally, few layoffs are being reported – publicly, anyway.
In Morrisville, software firm Jaggaer [formerly known as SciQuest], plans to layoff “less than 1% of its headcount,” CEO Jim Bureau told The Triangle Business Journal.
Layoff watch: More job cuts hit Twitter across several groups
