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Story summary
- Worker Adjustment and Retraining Notification (WARN) alerts in the United States are at their highest since 2016, signaling a rise in mass layoffs.
- Goldman Sachs reports a 175% year-over-year increase in layoffs, totaling 1.1 million for 2025.
- This shift contradicts Federal Reserve Chair Jerome Powell's "low hire, low fire" description.
- Economists say low hiring and rising layoffs hinder unemployed workers from finding jobs, with AI adoption and higher costs contributing.
