Dotgone
Weekly edition
Current topics
Current topics
World
World
Business & economics
Business & economics
Opinion
Opinion
In depth
In depth
Culture, history & society
Culture, history & society
Our A-to-Zs
Our A-to-Zs
undefined undefined
Subscribe to The Economist<br>Unlock unlimited access to all our award-winning journalism, subscriber-only podcasts and newsletters
Subscribe to The Economist<br>Unlock unlimited access to all our award-winning journalism, subscriber-only podcasts and newsletters
Subscribe
Business | Layoffs<br>Dotgone<br>Share
Mar 29th 2001|new york<br>|5 min read
THE “new economy” really is different: it is worse, at least for those who not long ago were working in it. Layoff announcements in America have reached levels not seen since the downsizing epidemic of the late 1980s. This week alone, more than 30,000 workers lost their jobs, in businesses ranging from frothy dotcom consultancies such as marchFIRST to established institutions such as Charles Schwab and Motorola. This brings the announced total since the start of the year to around 350,000. Unannounced layoffs are even higher. Panic is starting to spread through the cubicle farms.
This article appeared in the Business section of the print edition under the headline “Dotgone”
From the March 31st 2001 edition<br>Discover stories from this section and more in the list of contents<br>⇒Explore the edition
ShareReuse this content
More from Business
Bartleby<br>How should bosses talk about AI?<br>Employees are being asked to embrace a technology that causes fear
Everything is going right for India’s richest man<br>Gautam Adani is on a winning streak
Schumpeter<br>BP cares too much about feelings and not enough about performance<br>The defenestration of its chairman is but the latest example
Ferrari’s electric car: divisiveness is the point<br>The Italian marque is attempting a high-stakes manoeuvre
The world’s top condom-maker is getting squeezed<br>Will Karex break under pressure?
Franchising has quietly made countless Americans rich<br>In the age of AI, running a McDonald’s may soon look a lot more appealing
Get The Economist app on iOS or Android
The Economist
The Economist
The Economist Group
The Economist Group
Contact
Contact
Careers
Careers
To enhance your experience and ensure our website runs smoothly, we use cookies and similar technologies.<br>Manage cookies