In the face of worries about a potential recession, layoff news, which had fallen from daily attention since the worst of the pandemic, is back. That's particularly true in the once-thought-invulnerable tech sector.
Layoffs are back in force and among corporate royalty: Netflix, Meta (formerly known as Facebook), Tesla, Coinbase, PayPal, Uber, Peloton, and Carvana. Companies with big backing, big sales, and now, big worries.
Smaller companies aren't immune either, especially when getting advice from powerful forces like startup accelerator YCombinator, as TechCrunch reported after getting a copy of a letter from the firm to its investments.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
