Amid economic shifts, more than 22,280 workers in California's tech, retail and health care sectors face impending layoffs.
California saw more than 47,360 individuals filing for jobless benefits last week, an uptick of 6,150 over the previous week, reinforcing a growing concern in the state's labor market.As businesses nationwide grapple with rising borrowing costs and tighter credit, leading to strain in sectors like technology and retail, California stands out as one of only two states with an increasing unemployment rate over the past year, according to economic data issued by the U.S.
According to Warn Tracker, a website that monitors mass layoffs and plant closures though WARN notices, California has already seen notifications for 22,280 workers about upcoming layoffs. Importantly, a large portion of the layoffs are not immediate and are scheduled to begin from this month through May, meaning the number could rise as the year progresses.
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