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Companies Trim Workforce Amid High Interest Rates
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Companies like Amazon, Citigroup, Xerox, Google, and BlackRock have announced layoffs amid high interest rates, reflecting a focus on efficiency and cost reduction. Despite a strong labor market, companies are trimming their workforce as a cost-cutting measure, signaling a cooling job market and increased labor costs.
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How does this trend reflect broader shifts in the corporate landscape and labor market?
How might these layoffs impact the overall economy and the affected industries?
What strategies could companies employ to maintain efficiency and cost reduction while navigating a cooling job market and increased labor costs?
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