All those big layoffs you’re hearing about? They may not make companies much smaller.
After Dropbox said it would cut 11% of its workforce, it shrank by 3%; State Street lost 655 positions after announcing it would cut 1,200
As interest rates rise and companies tighten their belts, white-collar workers have taken the brunt of layoffs and job cuts, breaking with the usual pattern leading into a downturn. WSJ explains why many professionals are getting the pink slip first. Illustration: Adele MorganBig job cuts can make headlines and move stock prices. One thing they don’t always do: leave companies that much smaller.
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