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Next Big Job Cuts Will Be in Finance and Health Care, Data Show
Companies with declining revenue per employee and slumping stock prices seem most likely to reduce head count.
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Another week, another round of job cuts—this time Meta Platforms Inc. is adding to the 11,000 people it fired in November with thousands more, Bloomberg News has reported.
It raises the question: Even after the thousands of layoffs we’ve seen in recent months, which industries might be looking to toss more staff on the scrapheap? The answer, based on an analysis of earnings and stock performance, appears to be the financial and health-care sectors.