We absolutely have too many people in some places, no doubt about it.

According to CEO Jim Farley, these cuts are necessary to fund the company’s transition to EVs. Many of these jobs are in Ford’s legacy combustion engine business. Automotiveįord has announced the biggest round of layoffs this year, totalling roughly 8,000 salaried employees. Here’s a brief rundown of these layoffs, sorted by industry. See the table below for high-profile instances of mass layoffs. Layoffs have surged considerably since April of this year. corporations, this list may not be comprehensive. Note: Due to gaps in reporting, as well as the very large number of U.S. In this infographic, we’ve visualized major layoffs announced in 2022 by publicly-traded U.S. Additionally, 56% said they aren’t financially prepared, and 54% said they would take a pay cut to avoid being laid off. In June 2022, Insight Global found that 78% of American workers fear they will lose their job in the next recession.

Understandably, this has a lot of people worried. businesses look to slash costs ahead of a possible recession. Hiring freezes and layoffs are becoming more common in 2022, as U.S. is generally more diversified in its major exports.įor more, see the largest export of each state on this map. Broadcasting equipment (9.6% of total exports)įor the United States, machines are still important at 22.1% of exports, but three other broad categories also surpass the 10% mark: transportation, chemical products, and mineral products.Within that broad category of machines, there are many narrower categories, including: On first glance, it’s clear that China’s exports are reliant on one heavy-hitting category (Machines) to drive a whopping 48.5% of total export value. Using data from MIT’s Observatory of Economic Complexity, we can see the broad breakdown of exports in both countries: 🇨🇳 China (Exports) What does China export, and how does that compare to a more developed economy such as the United States? After that comes Germany, which is the only other country to export over $1 trillion of goods per year. If you add in Hong Kong’s numbers, China holds 15.7% of the global export total - roughly equal to Japan, Netherlands, South Korea, France, and Singapore combined.Ĭoming next on the list is the U.S., which exports about $1.7 trillion of goods each year. Leading the list of the world’s largest exporters is China, with a whopping $2.5 trillion of goods sent abroad in 2018. Let’s take a look at how the field breaks down: Rank Today’s visualization comes to us from, and it resizes countries based on their most recent export numbers, as per data from the World Trade Organization (WTO). Whether you’re talking about German cars, Bangladeshi t-shirts, Saudi oil, or Swiss milk chocolate, just about anything is available on the world market for a price – and the world’s largest exporting countries aim to take advantage. In 2018, total global exports exceeded $19 trillion, including specialized goods falling into almost every possible category imaginable. Trillions of dollars of goods get traded around the world every year. Visualizing the World’s Largest Exporters in 2018

Major exporter of mineral water