Recently, the problem of European energy crisis and high inflation continues to ferment. Many European enterprises are trapped in the plight of soaring costs, sluggish demand and delayed investment. Recently, manufacturing, chemical, aviation and other industries announced layoff plans. Industry experts believe that the trend of enterprise layoffs will continue, putting pressure on the European job market. Enterprises plagued by high costs and low demand currently face high inflationary pressures in Europe. The energy crisis is difficult to solve. With the sharp increase of interest rates by the European Central Bank, the European economy is under further pressure. Many European enterprises are trapped in the plight of high costs and sluggish demand. Martin Brudmuller (Chinese name: Bo Mule), the chairman of the executive board of BASF, a German chemical giant, said that the European chemical market has been sluggish for about a decade, and the sharp rise in energy costs has put pressure on BASF. In the first nine months of this year, the natural gas cost of BASF's European production base increased by 2.2 billion euros compared with the same period last year, and the profit in the third quarter fell by nearly 30% compared with the same period last year. Philips, a Dutch medical device manufacturer, and Siemens Gomesa, a wind power manufacturing giant, both said that the poor global supply chain had greatly affected the operation and profitability of enterprises. Topi Manner, chief executive officer of Finnair, said that the escalation of the crisis in Ukraine triggered the cross related airspace between European countries and Russia. In addition, the soaring fuel prices significantly affected the operation and development of airlines. Finnair had to choose layoffs as a "difficult but necessary measure". The German employment index in October released by the German Ive Economic Research Institute, which announced the layoff plan in multiple industries, showed that the recruitment intention of German enterprises continued to decline, falling to the lowest value since April 2021. Among them, the industrial employment index fell to a negative value for the first time in 20 months, indicating that more enterprises planned to cut jobs than those with recruitment intentions. In response to weak business profits in Europe, BASF recently announced a cost reduction plan, including layoffs, with a view to reducing costs in Europe by 500 million euros annually in the next two years, more than half of which will be implemented in its German headquarters. German auto and industrial product supplier Schaeffler said last month that it would cut 1300 jobs by 2026, including 1000 in Germany, mainly involving administrative management and R&D departments. Affected by the decline in performance, Philips recently announced 4000 layoffs worldwide, accounting for more than 5% of the total number of employees. Philips CEO Roy Jacobs said that enterprises need to reduce operating expenses and simplify the organizational structure. Siemens Gomesa recently announced 2900 job cuts worldwide, with more than half of the job cuts in Europe. The president of the company, Johen Ikholt, said that in the face of difficult situations, enterprises need to take necessary measures to maintain operations and sustainable development. Finland Airlines announced on the 21st that it plans to cut 150 employees, accounting for about 3% of its total employees. The prospect of the job market is not optimistic. Many experts believe that the prospect of European energy supply is bleak, and the trend of enterprise layoffs will continue, which is bound to bring pressure to the European job market. Clemens Fister, director of the Iver Institute for Economic Research in Germany, said that German industry had survived the crisis of energy and supply shortage in a short period of time. However, if industrial enterprises stopped their domestic investment due to high energy costs, it would bring a lot to the German job market