Layoffs Start Turning from Temporary to Permanent

Bloomberg: “Plenty of layoffs that just a month ago were labeled ‘temporary’ are now tagged ‘indefinite’ or ‘permanent.’ Alongside announcements of sweeping staff cuts by major employers such as Boeing Co. and U.S. Steel Corp. and the accelerating pace of downsizing in brick-and-mortar retailing, such notices are a sign that even as businesses continue to hope for a speedy recovery, they are starting to plan for a slow one.”