The job market lost over a million openings in August, which has led many workers to fear that mass layoffs might start to hit the U.S. in the not-so-distant future.
60% of managers say it’s more likely that they will cut remote workers first, according to a new report from software company Beautiful.AI. The report was based on a recent survey of 3,000 managers across a spectrum of sectors, including health are, finance, retail, software, and construction.
Another 20% of managers are on the fence as to whether remote workers are more at risk of being laid off.
It’s true that some big companies like Netflix and Meta have announced layoffs in recent months, while other corporations have put hiring freezes in effect. Companies are pulling back on job postings but they’re not conducting mass layoffs yet, according to the Bureau of Labor Statistics’ Tuesday Job Openings and Labor Turnover report.
“The good news is that despite the grim reality that the proximity bias is still very much in effect, it’s unlikely that there will be mass layoffs across the labor market this year,” according to Fortune.com.