The economy is not doing well, and New Yorkers are suffering. Multiple companies recently fired hundreds of workers. In June of 2022, 370,000 jobs were added, followed by 586,000 in July of the same year. In contrast, just 3 years later, in July 2025, only 147,000 jobs have been added. Things seem to be on a decline, not getting better, as promised. In New York, there are now a lot of people looking for employment due to company closures and layoffs.
Multiple Companies In New York Lay Off Employees
Within the past couple of months, 1,159 New Yorkers have found themselves without jobs.
Plug Power, Inc.
Plug Power, Inc., which, according to its website, “Is leading the green hydrogen revolution, helping the world transition to a global net-zero economy,” is among the companies giving its workers pink slips. It cites economic reasons for laying off 367 employees in June at its Slingerlands, Latham, and Clifton Park, New York, locations…