Reasons behind the new wave of layoffs

bout 20 million people were out of jobs due to the global pandemic. Many went back to work in summer with the stimulus, people got the opportunity to spend it on useful things, but things have gotten a bit rocky again. In recent days leading airlines have said they will cut over 30,000 workers. Disney, an entertainment giant, plans to shed 28,000. Regal Cinemas, the country’s second-biggest chain of theatres, is shutting all 500-plus venues in America. Read more on this here.