The economy has shifted so abruptly in 2022 that most of the big employment trends from the Covid era have reversed, creating major challenges for employers.
With all of the downsizing taking place across wide swaths of the U.S. economy, the applicant pool should be wide open for airlines, restaurants and hospitality companies, which are trying to repopulate their ranks after undergoing mass layoffs when Covid-19 hit.
It's not so easy. Even though Amazon has reduced headcount of late, it's still got far more people working in its warehouses than it did two years ago. Last year the companyHilton CEO Christopher Nassetta said on the quarterly earnings call in May that heand that the company needs more workers.
At airlines, headcount fell as low as 364,471 in November 2020, even though that wasn't supposed to happen. U.S. carriers accepted $54 billion in taxpayer aid to keep staff on their payroll. But while layoffs were prohibited, voluntary buyouts were not, and airlines including Delta andshed thousands of workers. Delta last month said it has added 18,000 employees since the start of 2021, a similar number to what it let go during the pandemic in order to slash costs.
The industry is struggling to hire and train enough workers, particularly pilots, a process that takes several weeks to meet federal standards. Delta,
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