Thread regarding United States Layoffs layoffs

Oakland braces for possible layoffs to clear nearly $130 million deficit

The difficult cuts long promised by city officials to combat a historic local financial crisis are at the doorstep — and layoffs are now officially on the table.

A new report released Friday said city officials are contemplating up to 91 layoffs early next year, though an unknown number of those could end up being demotions or jobs transferred to the city’s port authority.

If the layoffs come to fruition, they would cement the consequences of a devastating financial turn in Oakland, where high interest rates have tanked tax revenues, including from home sales, and the police department has consistently blown through its budget on overtime spending.

https://www.siliconvalley.com/2024/12/06/oakland-layoffs-budget-cuts/

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