Major companies are laying off people in sweeping cuts

, 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.

The big sign Recession.

United States United States Latest News, United States United States 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 »