Big companies are starting to get nervous about the job market

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The job market in America is still healthy. The unemployment rate is just 3.6% and many employers are continuing to hire workers at a steady clip. But some major companies appear to be getting a little nervous.

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Apple is said to be slowing its pace of new job additions. Microsoft , Facebook parent Meta and Google owner Alphabet are reportedly implementing hiring freezes. Investment banking giant Goldman Sachs has said it won't hire as aggressively in the second half of this year. Ford is rumored to be announcing job cuts soon. Tesla already has done so. Victoria's Secret laid off workers earlier this month, as did Twitter. Meme stock phenomenon GameStop is also looking to cut staff.

 

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