Technology and Social Media Companies: Many tech giants and startups had to reassess their workforce in response to overexpansion during the pandemic and changing market demands.
Retail Chains: With the shift to online shopping and changing consumer habits, some traditional brick-and-mortar retailers have faced financial challenges
Airlines and Travel Companies: The travel industry has been volatile, with recovery from the pandemic's impact being uneven.
Entertainment and Media: Changes in how people consume media and entertainment, along with the costs of production, can lead to restructuring and job cuts in this sector.
Financial Services: Banks and financial institutions may reduce their workforce in response to economic downturns, changing banking habits, and digital transformation.
Energy Sector: Companies in the oil, gas, and renewable energy sectors adjust their workforce based on market prices, regulatory changes, and shifts in energy demand.
Telecommunications: As the industry evolves with new technologies and competition, some companies may need to lay off employees to streamline operations and reduce costs.
Healthcare and Pharmaceuticals: While often considered recession-proof, these sectors can still experience layoffs due to cost pressures, regulatory changes, and shifts in healthcare demands.
Real Estate and Construction: Fluctuations in the real estate market, interest rates, and investment can lead to layoffs in construction and related industries.