By Natalia Rueda 
As companies around the world prepare for financial disruptions, thousands of people are facing the possibility of layoffs. The increase in layoffs is evidenced by recent developments in industries ranging from media to technology and even automobile manufacturing.
Radical Cuts
Across the U.S. technology and media landscape, news of layoffs rattled an already shaken workforce. Paramount Global announced that approximately 2,000 employees, 15% of its U.S. workforce would be laid off during its current earnings slump.
Stellantis Warren
One of the hardest hit in the industry is the Stellantis Warren truck plant, which is said to be preparing to lay off between 2,500 and 3,700 unionized workers in early October. The news is a crushing blow to the already struggling auto industry.
Tech giants continue to lay off thousands of employees.
Cisco Systems Inc. was not immune to this wave either. The tech giant revealed plans to cut thousands of jobs in a second round of layoffs this year, suggesting similar battles within the sector. Dell, Axios, Intel, Dyson, Microsoft and others also reported major job cuts this August, continuing a string of layoff announcements, making it clear that no company, no matter how large or innovative, appears to be safe from cutbacks.