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Layoffs

Meta cuts 10,000 jobs in second wave of layoffs since November

by Associated Press
Mar 14, 2023
Meta and other tech companies have been hiring aggressively in recent years but have recently begun to let some of those workers go.
Meta said Tuesday it will reduce the size of its recruiting team and make further cuts in its tech groups in late April, followed by its business groups in late May.
Josh Edelson/AFP via Getty Images
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February's rising unemployment rate is actually a positive sign, economists say

by Lily Jamali
Mar 10, 2023
Growth in the number of people looking for work means the unemployment rate is rising for the right reasons, one economist says.
"People think this is a good time to be searching for a job," said Gus Faucher of PNC Financial Services Group.
Spencer Platt/Getty Images
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Can we tame inflation without hurting workers?

by Sabri Ben-Achour
Mar 7, 2023
Theoretically, yes.
One route to avoiding layoffs? "If businesses accept lower profit margins," said Wells Fargo economist Sarah House.
Andrew Caballero-Reynolds/AFP via Getty Images
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Even as layoffs abound, jobless claims are falling

by Mitchell Hartman
Mar 7, 2023
Many workers laid off from tech jobs are finding new ones fast.
Layoffs have so far been concentrated in the tech sector, but the overall unemployment trend has remained near decade-lows.
Eblis/Getty Images
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As the pandemic wanes, where's the market for massive online learning?

by Stephanie Hughes
Feb 23, 2023
Some platforms have laid off employees, citing the need for sustainable growth.
The pandemic forced a corporate shift to online training platforms. And that may stick, now that employees are used to learning on their own terms.
Ethan Miller/Getty Images
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Are companies more likely to fire older workers in mass layoffs? 

by Janet Nguyen
Feb 16, 2023
Lawsuits have been brought against companies accused of age discrimination.
Instructor Lee Huber helps 83-year-old Edward Jelen learn Microsoft Word during a computer skills class in Des Plaines, Illinois.
Tim Boyle/Getty Images
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Big layoffs grab our attention, but plenty of hiring is happening too

by Kristin Schwab
Feb 16, 2023
The hospitality industry, for example, is on a hiring binge.
Leisure and hospitality was the leading sector for jobs growth in January, and employment in those industries is still below what it was pre-pandemic.
Bryan R. Smith/AFP via Getty Images
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Disney “leans in” to existing franchises

by Stephanie Hughes
Feb 9, 2023
Because if people liked a "Frozen 2," wouldn’t they like a "Frozen 3?"
Tomohiro Ohsumi/Getty Images
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Business economists seem a little more optimistic, survey finds

by Nancy Marshall-Genzer
Jan 23, 2023
A majority still think the country is headed for a recession. But the majority's shrinking.
A little more than half of economists surveyed by the National Association for Business Economics expect a recession, down from about two-thirds in October.
Michael M. Santiago/Getty Images
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Layoffs are up, first-time jobless claims are down. What gives?

by Mitchell Hartman
Jan 23, 2023
The job market is still tight, so many who've lost jobs rejoin the workforce fast. Others aren't eager to deal with the unemployment insurance system.
Layoffs have so far been concentrated in the tech sector, but the overall unemployment trend has remained near decade-lows.
Eblis/Getty Images
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