Companies from ride-sharing platforms to mighty Amazon are either shedding jobs or putting their hiring plans on hold as the U.S. economy slows.
The Tesla CEO has wasted little time cleaning house, moving to dismiss Twitter's CEO, chief financial officer and top lawyer within hours of taking control, while other members of the company's leadership team have also left.Also moving to rein in costs, Amazon executives are freezing hiring for its corporate workforce at least for the next several months, Beth Galetti, senior vice president of people experience and technology, said in a memo posted on Amazon's website on Thursday.
"We're facing an unusual macroeconomic environment, and want to balance our hiring and investments with being thoughtful about this economy," she said. The National Association for Business Economics recently predicted that the U.S. would enter a recessionDespite the rising tech sector layoffs and economic challenges affecting millions of Americans, unemployment in the U.S. remains near a five-decade low at 3.5%. Employers around the country postedin September, up from 10.3 million in August, the Labor Department said Tuesday.
"There is a bit of a white-collar panic happening," said Julia Pollak, chief economist at ZipRecruiter, calling out the finance, technology and advertising sectors."Companies are sitting on piles of cash and being very conservative, they're trying not to overhire. Probably they won't expand, open new locations just yet, and the big ribbon cutting will prob be postponed for another year.
"We still have this incredible labor market and an incredible shortage of candidates, but that gap between demand and supply is narrowing," she added.—The Associated Press contributed to this report.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Lyft to lay off 683 employees in cost-cutting pushLyft Inc said on Thursday it would lay off 13% of its workforce, or about 683 employees, in the ride-hailing firm's latest cost-cutting step to cope with a weakening economy.
Leer más »
Lyft announces layoffs of 13% of workforce in anticipation of recessionRideshare company Lyft plans to announce layoffs for 13% of its workforce, or 700 employees, in a company meeting Thursday morning, stating the company was preparing for a recession and other challenges.
Leer más »
San Francisco-Based Lyft to Lay Off Nearly 700 EmployeesRide-hailing service Lyft is cutting 13% of its workforce, almost 700 employees, as it attempts to reduce operating expenses.
Leer más »
Lyft to lay off 13% of staff | CNN BusinessLyft on Thursday said it will lay off 13% of its staff, or nearly 700 employees, as it rethinks staffing amid rising inflation and fears of a looming recession.
Leer más »
Lyft curbs chunk of staff due to heightened insurance costs - San Francisco Business TimesThe staff reduction move joins a chorus of other local tech companies instituting cuts this week.
Leer más »
Lyft Just Laid Off Nearly 700 Corporate Employees and Partly Blamed It on Paying for Drivers’ InsuranceThe company's co-founders said rising inflation and rising rideshare insurance costs were main motivating factors for axing 13% of its corporate staff.
Leer más »