Major companies are laying off people in sweeping cuts

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Major companies are laying off people in sweeping cuts
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From Juul to Meta and Redfin, US tech is firing workers.

, through to Redfin, many companies are feeling the pain of slowing growth and rising labor costs.

There are a great many cost cutting measures at the company that are including an investment in the company by investors to help it avoid bankruptcy. In a report by the Wall Street Journal the company said they would be cutting operating budget by as much as 40%In recent months a campaign against vaping has been making the rounds on televisions all across the country. Social platforms, media, and tech streaming channels are all running ads against vaping for high school students.

2022 saw a first round of layoffs for the company, when in June, 470 employees were cut, which is about 6% of the workforce at that time.

 

The big sign Recession.

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