Massive Layoffs In 2024 Opm. Paytm, flipkart lead race in india. Executives justified the mass layoffs by citing a pandemic hiring binge, high inflation and weak consumer demand.

The federal reserve is projecting the unemployment rate will hit a mean 4.1% by the end of 2024, which would make it the first time unemployment broke 4%. Here is a rolling list of the most recent layoffs for 2024.