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Why are corporations cutting managers?

The WSJ reported,U.S. public companies have cut their middle-manager head counts by about 6% since the peak of their pandemic hiring sprees, according to a new analysis of more than 20 million white-collar workers by employment-data provider Live Data Technologies. Senior executives, whose ranks have shrunk nearly 5% since the end of 2021, haven’t fared much better.Some other interesting tidbits in the article:Meta cut multiple tiers last year as it eliminated thousands of jobs and asked some ma...

Read more at arnoldkling.substack.com

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