Lots of job cuts are planned

The article does include the appropriate caveats. But this looks highly likely to happen.

Companies based in the U.S. announced in July that they plan to eliminate a record number of jobs, more than double the amount announced in the same month last year, according to a new report.

The report, from recruitment firm Challenger, Gray & Christmas, tracks U.S.-based employers’ announcements about layoffs, which do not indicate the number of job losses that have occurred or when the positions will be eliminated. The estimates can change based on a variety of factors, including, in the case of government layoffs, litigation, explained Gbenga Ajilore, chief economist at the Center on Budget and Policy Priorities.

“These are job cut announcements versus actual people losing a job,” Ajilore told Truthout…

So far this year, employers have announced plans to cut more than 800,000 jobs, the highest number since the start of the COVID-19 pandemic. The so-called Department of Government Efficiency (DOGE), which has eliminated thousands of federal jobs, was the number one reason cited by employers for their planned job cuts. Experts estimate that DOGE’s actions may end up costing the United States billions of dollars. - Truthout