Is your job as secure as you think it is?
President Obama's re-election already has some companies laying people off. Other companies, like Applebee's, are considering job cuts, too. The reason? Obamacare.
"We've calculated it will [cost] some millions of dollars across our system. So what does that say -- that says we won't build more restaurants. We won't hire more people," Zane Tankel, chairman and CEO of Apple-Metro, told Fox Business Network.
“If it’s possible to do it without cutting people back, I am delighted to do it. But that rolls back expansion. It rolls back hiring new people,” Tankel said.
One business owner in Nevada already laid off 22 people and explained why in an interview with a radio station in Las Vegas.
“I can’t wait around anymore. I need to be proactive. I had to lay off 22 people to make sure that my business is going to thrive and I am going to be around for years to come,” the unidentified businessman said.
Woodlands Congressman Kevin Brady, ranking House Republican on the Joint Economic Committee understands why business owners are making these tough decisions so quickly after the election.
“Elections have consequences. At the end of the day, his business needs to survive to save the other jobs,” Brady said.
Other companies that have already said they will look at jobs and hours cuts include Papa John's and Energizer.