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Sunday, November 11, 2012

The Layoff Bomb and Hiring Freeze Avalanche



The tsunami in employment problems is now hitting shore.

Twitchy is reporting:

As Twitchy has reported, large companies are contemplating hiring freezes and cuts in workers’ hours. Small business owners, and employees, have reported massive reductions in hours necessitated by the business-crushing cost of mandatory insurance coverage for people working over 30 hours per week. Part-time is the new normal. 

Small business owners on Twitter have talked about the heartbreak of having to lay off employees. Now, many are reporting that they will not be hiring new employees for the foreseeable future. The layoff bomb has resulted in a hiring freeze avalanche.

Are you people who voted for Obama happy?  

To read the full article, go here.

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