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- [Narrator] Amazon, Ford, Pepsi, and more from Amazon. These are just a few of the companies that have said they were starting big layoffs in the last year. Some job cuts are expected when the economy hits a rough patch, but this is different, not because of the number of people being laid off, but because of who. - Were seeing a really unusual situation where white-collar professionals are being laid off in greater numbers relative to the rest of the workforce. - [Narrator] Heres why white-collar jobs are getting cut first, and why thats a departure from slowdowns in the past. (gentle instrumental music) Ever since this wave of job cuts started last year, experts have said that this downturn could spell trouble for professional workers. - This recession is gonna be really bad, not only for white-collar workers, but white Patagonia vested workers. - [Narrator] But to understand why those cuts are happening, we have to go back even further to the beginning of the pandemic. As the e