A wave of lay-offs in middle management has raised fears the US is heading towards a “white-collar recession”, according to economists and recruiters.
In previous downturns, blue-collar employees including construction workers and truck drivers have tended to be the first to lose their jobs, but this time American companies have been focusing headcount reductions on middle managers working in office jobs.
In recent weeks, a number of companies including Walmart, Ford, Gap, Zillow and Stanley Black & Decker have announced they plan to cut jobs at their head offices.
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