A White-Collar Recession? Why Layoffs Are Hitting Professional Workers | WSJ

White collar workers have taken the brunt of layoffs and job cuts as interest rates rise and companies like Amazon, Ford and PepsiCo tighten their belts. The job market is still strong, but job cuts and layoffs are starting to hit some industries in an unusual way.

WSJ explains why many professionals are getting the pink slip first and why this is different from past economic downturns.

Illustration: Adele Morgan

0:00 Some companies are starting big layoffs
0:37 White collar job cuts
3:32 How this is different from past economic downturns
4:47 Finding new work

News Explainers
Some days the high-speed news cycle can bring more questions than answers. WSJ’s news explainers break down the day's biggest stories into bite-size pieces to help you make sense of the news.

#Layoffs #JobCuts #WSJ