{"id":3425,"date":"2023-01-05T03:02:30","date_gmt":"2023-01-05T09:02:30","guid":{"rendered":"https:\/\/ustower.net\/?p=3425"},"modified":"2023-03-16T21:15:21","modified_gmt":"2023-03-17T02:15:21","slug":"meta-amazon-lay-off-thousands-in-us-as-recession-worries-mount-heres-who-has-cut-jobs","status":"publish","type":"post","link":"https:\/\/ustower.net\/?p=3425","title":{"rendered":"<strong>Meta, Amazon lay off thousands in US as recession worries mount: Here\u2019s who has cut jobs<\/strong>"},"content":{"rendered":"<p>Job cuts announced by US-based employers jumped 13% to 33,843 in October last year, the highest since February 2021, according to a report.<br \/>\nUS companies, from tech majors to consumer firms, are bracing for a potential economic downturn by shrinking their employee base to streamline operations. Job cuts announced by US-based employers jumped 13% to 33,843 in October last year, the highest since February 2021, according to a report.<br \/>\nHere are some of the major job cuts announced in recent weeks:<br \/>\nAmazon.com Inc:<br \/>\nThe e-commerce giant has laid off some employees in its devices group as a person familiar with the company said it still targeted around 10,000 job cuts, including in its retail division and human resources.<br \/>\nThe\u00a0Facebook-parent said it would cut 13% of its workforce, or more than 11,000 employees, in one of the biggest tech layoffs this year as it grapples with a weak advertising market and mounting costs.<br \/>\nDoorDash Inc:<br \/>\nThe food delivery firm, which enjoyed a growth surge during the pandemic, said it was reducing its corporate headcount by about 1,250 employees.<br \/>\nAMC Networks Inc:<br \/>\nThe cable TV network said it would cut about 20% of its U.S. workforce, as it announced Chief Executive Officer Christina Spade had stepped down, less than three months into the role.<\/p>\n<p>he cryptocurrency exchange said it would cut its global workforce by 30%, or about 1,100 employees, citing tough market conditions that have crippled demand for digital assets this year.<br \/>\nCitigroup Inc:<br \/>\nThe bank eliminated dozens of jobs across its investment banking division, as a dealmaking slump continues to weigh on Wall Street\u2019s biggest banks, Bloomberg News reported.<\/p>\n<p><a href=\"https:\/\/indianexpress.com\/article\/explained\/explained-global\/us-economy-recession-job-cuts-meta-amazon-morgan-stanley-layoffs-8361492\/\">Indianexpress<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Job cuts announced by US-based employers jumped 13% to 33,843 in October last year, the highest since February 2021, according to a report. US companies, from tech majors to consumer firms, are bracing for a potential economic downturn by shrinking their employee base to streamline operations. Job cuts announced by US-based employers jumped 13% to [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":3426,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[3577,1410,1252,1409,995,1908,2962],"class_list":["post-3425","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-politics","tag-amazon-layoffs","tag-cuts","tag-inflation","tag-job","tag-meta","tag-recession","tag-us-economy"],"_links":{"self":[{"href":"https:\/\/ustower.net\/index.php?rest_route=\/wp\/v2\/posts\/3425","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ustower.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ustower.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ustower.net\/index.php?rest_route=\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/ustower.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3425"}],"version-history":[{"count":3,"href":"https:\/\/ustower.net\/index.php?rest_route=\/wp\/v2\/posts\/3425\/revisions"}],"predecessor-version":[{"id":7790,"href":"https:\/\/ustower.net\/index.php?rest_route=\/wp\/v2\/posts\/3425\/revisions\/7790"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ustower.net\/index.php?rest_route=\/wp\/v2\/media\/3426"}],"wp:attachment":[{"href":"https:\/\/ustower.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3425"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ustower.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3425"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ustower.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3425"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}