The City of Los Angeles is bracing for layoffs of thousands of municipal employees due to a budget crisis that is said to be “inevitable,” as the city is reeling from recent wildfires and still preparing to host the 2028 Summer Olympics.
The Los Angeles Times reported:
L.A.’s financial problems exploded into a full-blown crisis on Wednesday, with the city’s top budget official announcing that next year’s shortfall is now just shy of $1 billion, making layoffs “nearly inevitable.”…