Another RIF in KPMG. Many professionals seem to be from Financial Services. If economy is doing so well, why are layoffs continuing

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Because RIFs are transient…or something…

AI

What’s wrong with getting paid in rupees?

Think about it like this: During COVID, the layoffs were in blue collar sectors (construction, fast food, and healthcare). During this economic time period we are seeing white collar layoffs. There is economic activity, but it is shifting to other sectors of the economy.

Blue collar got $600 extra per week on top of a regular unemployment paycheck. Also, unemployment was extended beyond the usual timeframe. None of these are done now

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