During the height of the pandemic, industries such as hospitality were suffering and heavily laying off staff, whereas tech companies whose services became essential to remote life grew. Now, we are seeing a reversal of this trend.
The annual rate of layoffs in Utah from May 2021 to May 2022 was close to the national average, federal data shows.
The Utah-based multilevel marketing company Young Living Essential Oils also is cutting jobs. According to a company statement shared with The Salt Lake Tribune, Young Living on Thursday “announced a reduction in force as part of a strategic restructuring to reduce operational costs.” The layoffs will affect about 200 people across Young Living’s three facilities in Utah, which is under 9% of the company’s global workforce, according to a spokesperson for the company.to create 445 jobs over a period of seven years. After the company proved that it had paid the salaries of its new employees, it would have been able to earn up to $8,753,974 million in tax rebates.
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