Bidenomics: Whopping 38% of Companies Say They’re Likely to Have Layoffs in 2024 Due to 4 Reasons, Survey Shows

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Even as President Joe Biden runs around the country claiming that Bidenomics is “working” for America, 38 percent of U.S. companies are warning that they are looking to launch mass layoffs this year.

Major U.S. companies began signaling late last year that they were pumping the brakes on their expectations for 2024 and are also looking to shed thousands of workers as Bidenomics continue to batter them.

Layoffs are looming for companies including Nike, toy maker Hasbro, Roku, Amazon, Spotify, and more, according to Forbes.

The outlook for 2024 comes on the tail of a large number of layoffs in 2023, as well. Sixty-five percent of companies had layoffs last year, worker information website Resume Builder reported.

Of those that reported having layoffs last year, 25 percent said they shed 30 percent or more of their workforce.

The site went on to report that this year, 38 percent of companies said they are looking to continue eliminating jobs, with 22 percent forecasting losing at least 30 percent of their workers, putting Americans further behind the eight ball.

An even larger number, 52 percent, said that they are likely putting a hiring freeze in place and won’t be expanding at all this year.

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