Major companies are laying off people in sweeping cuts

  • 📰 IntEngineering
  • ⏱ Reading Time:
  • 32 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 63%

Business News News

Business Business Latest News,Business Business Headlines

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

The big sign Recession.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 287. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Redfin Shuts Home-Flipping Business, Lays Off 13% of Staff in Slumping Housing MarketReal-estate company Redfin laid off 13% of its staff and closed its home-flipping unit, saying the operation was both too expensive and too risky to continue There’s gonna be a lot of these stories come January Good. Bye. Razans death in Gaza is an absolute tragedy.
Source: WSJ - 🏆 98. / 63 Read more »

Redfin to lay off 13% of its staff and shutter home-flipping business - Phoenix Business JournalIt's the second round of layoffs this year for the Seattle-based real estate tech company, which has been facing headwinds amid rising interest rates and decreased homebuying competition.
Source: phxbizjournal - 🏆 254. / 63 Read more »