These major companies are laying off workers at a huge rate

  • 📰 FoxBusiness
  • ⏱ Reading Time:
  • 17 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 53%

Business News News

Business Business Latest News,Business Business Headlines

Major companies in a variety of sectors are experiencing massive layoffs in recent months, including cuts at Microsoft, Amazon, Goldman Sachs and Washington Post.

Mark Mahaney, an Evercore ISI senior managing director, reveals which stocks could outperform if the U.S. economy is hit with a recession on"Varney & Co."

"I want to take accountability for these decisions and for how we got here," CEO Mark Zuckerberg said. "I know this is tough for everyone, and I’m especially sorry to those impacted."Google parent Alphabet cut 15% of the employees at health sciences division Verily, which amounts to more than 200 jobs.

 

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

 /  🏆 458. 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.

STOCK MARKET NEWS: Microsoft, Amazon layoffs, Party City bankruptcy, inflation easesAmazon and Microsoft step up layoffs, Davos organizers slam Elon Musk, mixed data on producer prices and retail sales. FOX Business is providing real-time updates on the markets, commodities and all the most active stocks on the move. CorporateGreed PriceGouging BigMoney
Source: FoxBusiness - 🏆 458. / 53 Read more »

STOCK MARKET NEWS: Dow drops over 600 points, Microsoft, Amazon layoffs, retail sales slideAmazon and Microsoft step up layoffs, Davos organizers slam Elon Musk, mixed data on producer prices and retail sales. FOX Business is providing real-time updates on the markets, commodities and all the most active stocks on the move. Not a great week so far... Let them all tank.... they should feel what they have done to the Citizens. Thats the Fed’s plan
Source: FoxBusiness - 🏆 458. / 53 Read more »