S&P 500 White-Collar Employment Falls 400K in 2025 — First Annual Decline Since 2016
The Kobeissi Lettervia @KobeissiLetter·high signal
The Kobeissi Letter reports S&P 500 employee count dropped by 400,000 to 28.1 million in 2025, ending 8 consecutive years of growth that added 3M+ jobs. Meta cut 8,000 (10% of staff) and Microsoft offered buyouts to 7%. Fed Beige Book confirms companies shifting to temp/contract workers. 140↑ on r/singularity. Corroborated by Seeking Alpha and Bank of America Global Research.