Still, the finance sector is also having a difficult time. Goldman Sachs CEO David Solomon cut about 3,200 jobs last month and JPMorgan recently laid off hundreds of mortgage employees. Tech and finance layoffs do have a ripple effect, and CEOs expressed that concern during recent earnings calls. “It’s hard to avoid all the headlines that we’re seeing day in, day out. And it’s fair to say that there have been a number of large names that have announced major layoffs,” said payroll processing firm ADP. “It’s tough to say that… Some of those people making those layoffs are our clients.”
