Companies Are Still Cutting White-Collar Jobs

After a year of right-sizing, employers are looking in the mirror and concluding there is still fat to lose. 

Companies including Amazon, Citigroup, Xerox, Google and BlackRock this month have announced plans to trim their workforces. Some of the companies now cutting jobs conducted larger-scale layoffs over the past year or so. Since then, inflation has come down along with expectations for a recession, which most economists anticipated as recently as the middle of last year.