Facebook parent company Meta is planning to lay off employees this week, according to reports from The New York Times and Wall Street Journal.
No numbers have been shared, but reports say those layoffs could be significant and expected by the end of this week.Amazon announced Thursday that it is freezing corporate hiring because of economic uncertaintyIn a public statement, Amazon said “in light of how many people hired in the last few years” it was hitting pause on hiring not only corporate positions but also at “other businesses” owned by Amazon.
But an economist at Seattle U says these adjustments are a “reasonable business strategy.” He points out that given the low unemployment overall, he believes the economy will not suffer too hard a hit.
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