U.S. Corporate Layoffs Surge in March, Hitting Record High

A recent report by Odaily reveals that U.S. corporations conducted a record-breaking number of layoffs in March. With 275,240 employees losing their jobs, the figure represents the highest level since May 2020. The monthly rate of layoffs saw an alarming increase, surging 60.01% compared to the previous month’s rate. This surge is further compounded by a staggering 204.8% annual increase, up significantly from the prior year.