Will Layoffs in May Give Bearish Vibes to Retail and Tech?
June 06, 2023 at 09:34 AM EDT
The machinations of a recession could already be manifesting themselves in layoffs during the month of May. The job markets for retail and tech were especially vulnerable last month. Per a PYMNTS report, there was a total of “80,089 job cuts announced by United States-based employers in May, with the technology sector being hardest hit.” [...] The post Will Layoffs in May Give Bearish Vibes to Retail and Tech? appeared first on ETF Trends .