US companies across sectors have initiated layoffs as they attempt to streamline operations amid economic uncertainties, following similar cutbacks seen last year.
Job openings — a measure of labor demand — decreased 288,000 to 7.192 million by the last day of March, according to the labor department’s Job Openings and Labor Turnover Survey, or JOLTS report. But layoffs also declined, suggesting that the labor market remained on solid footing despite
