Even amid a tight labor market and low unemployment, some public companies and startups are turning cautious amid falling markets and economic concerns
Markets have been looking increasingly shaky recently: Stocks, bonds and crypto have all been falling as investors struggle to manage the large swings roiling financial markets around the globe. WSJ’s Caitlin McCabe looks at some of the causes behind the recent market frenzy. Photo: Spencer Platt/Getty ImagesCompanies which saw substantial growth during the Covid-19 pandemic are starting to take a more cautious approach toward hiring and spending.
From Peloton Interactive Inc . and Meta Platforms Inc. to Twitter Inc . , Uber Technologies Inc . and others, corporate belt tightening comes as the Federal Reserve is raising interest rates, global stock markets have fallen and concerns of an economic slowdown are mounting.
Not really earth shattering companies. And even so, no massive layoffs, just some caution.
yet everyone else is hiring
Here comes the recession. Thank you Brandon!
'low unemployment' more like many are no longer counted.
Measure the strength of the market regularly and adjust to suit a balanced return on capital outlay. Remembering not to get greedy.
They’re called failing companies.
Peloton layoffs. Is this really surprising? $PTON shares down 80%+ Fad stock.