Recent Triad layoffs likely not caused by presidential re-election
GREENSBORO, N.C. — The Piedmont Triad has experienced some large-scale layoffs in the past week, and opinions on what’s brought that about are mixed.
High Point University economist Peter Summers says the timing of the job cuts are more than likely a coincidence.
“Recent layoffs since the election are probably more coincidental in terms of the time than it is because, ‘oh, we’ve reelected President Obama and therefore we’re going to have to lay everybody of,’” Summers said.
Gordon Hunt, who runs the lighting design company Illuminating Technology, said he was hoping for a Romney victory.
He said he doesn’t believe President Obama’s re-election directly caused layoffs, but did say the business climate is getting more difficult for business owners like him.
“People who invest and take a chance and want to hire people — as employers we’re evil, as businesses and job creators we’re great — and it comes out of the same mouths of all sides,” Hunt said.
Since the election Energizer has announced a 40-person reduction in force. TE Connectivity will drop more than 600. Wake Forest Baptist Medical Center will cut nearly 1,000 total positions in the coming months.
Hunt’s outlook on the future is a bit grim but Summers, the economist, said North Carolina is headed in the right direction, adding about 1,000 jobs every month.
“As far as North Carolina goes it’s similar to the country as a whole. Things are not great but definitely getting better,” Summers said.