Career & Job Market — 2026-07-17
Tech layoffs have accelerated sharply, with 460 layoffs affecting 167,688 workers year-to-date—a pace of 847 job cuts per day. Verizon announced fresh workforce reductions as part of operational restructuring, while biotech firms like EMD Serono and Novartis continue trimming R&D headcount. Worker sentiment on Reddit and professional forums reflects resignation to a "normal but weak" labor market, with candidates reporting slower hiring cycles and increased competition despite modest job opening levels.
5 min read/15 sources
