These major companies are laying off workers at a huge rate

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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.

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