downturn

White-collar layoffs soar at brand companies amid economic downturn

White-collar layoffs soar at brand companies amid economic downturn

Early in the pandemic, waves of layoffs hit retail, leisure and hospitality workers — anyone whose job depended on in-person interactions. But now that the pandemic has subsided, it’s those workers who are outnumbered and it’s the highest-paid employees who find themselves at the end of the layoff announcements. Among the branded companies that recently …

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A former Shopify employee used her severance pay to found a new startup after being made redundant along with 1,000 other people.  Here's why it can be a smart move in a downturn.

A former Shopify employee used her severance pay to found a new startup after being made redundant along with 1,000 other people. Here’s why it can be a smart move in a downturn.

Stella Alexandrova was among 1,000 employees laid off by e-commerce giant Shopify in July. She saw the layoff and five months of severance as an opportunity to start a business. A recession is actually a good time to start a business, says venture capitalist Paul Asel. Loading Something is loading. Thank you for your registration! …

A former Shopify employee used her severance pay to found a new startup after being made redundant along with 1,000 other people. Here’s why it can be a smart move in a downturn. Read More »