White-collar job cuts are mounting
The initial impact of the pandemic was seen primarily on low-income jobs in hotels, restaurants, retail, and other hard-hit corners of the economy. This has been witnessed in higher-paying office jobs too. In the last few weeks, thousands of job cuts have been announced across multiple companies including ExxonMobil, Chevron (CVX), Charles Schwab and Raytheon. To read more on this, click here.
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