Job Market Anxiety Soars as U.S. Workers Face Record-Breaking Layoffs
A staggering 81% of American workers fear job loss in 2025 amid the highest monthly layoffs since COVID-19. With over 275,000 job cuts in March alone, employees are adopting a 'stay put' mentality while focusing on skill development to remain competitive.
Big Lots Closure: Retail Giant Shutters All Stores, Cuts 500+ Corporate Jobs
Big Lots announced the closure of all 963 stores nationwide and the layoff of its corporate workforce following a failed buyout attempt. The dramatic end comes after the retailer's Chapter 11 bankruptcy filing, affecting over 27,000 employees across 48 states.
US Labor Market Shows Resilience Despite Regional Layoffs
The US job market maintains stability with low overall layoffs, despite localized adjustments like the announced 121-worker reduction at Colorado's Brown Brothers Resources. The pattern indicates a gradual cooling rather than sharp decline, with job openings still available across industries.