What are the prospects for laid-off workers?

In 2025, more than 1.1 million Americans were laid off from their jobs, the most since the 2020 COVID pandemic. The layoffs were in numerous industries, by companies of all sizes, even as corporate profits remain high. Elaine Quijano talks with business experts who discuss why companies resort to layoffs and the psychological damage caused by firings, and why artificial intelligence is not filling those jobs – yet.