Layoffs are sweeping across American businesses in the first few months of 2022.
Recent startups like Peloton have already laid off thousands of employees this year. Even traditionally layoff-resistant companies like Netflix are making cuts. Now, online car dealer Carvana plans to slash 12% of its workforce.
The reason, broadly, is twofold: Business growth is slowing, while labor costs are increasing. The combination is causing American companies across a variety of industries to slash headcount.
https://www.businessinsider.com/layoffs-sweeping-the-us-these-are-the-companies-making-cuts-2022-5

Recent startups like Peloton have already laid off thousands of employees this year. Even traditionally layoff-resistant companies like Netflix are making cuts. Now, online car dealer Carvana plans to slash 12% of its workforce.
The reason, broadly, is twofold: Business growth is slowing, while labor costs are increasing. The combination is causing American companies across a variety of industries to slash headcount.
https://www.businessinsider.com/layoffs-sweeping-the-us-these-are-the-companies-making-cuts-2022-5



