Lyft, Gap, First Republic join Disney, Amazon in layoffs

[mystery-ak]

April 28, 2023 12:00pm EDT
Lyft, Gap, First Republic join Disney, Amazon in layoffs
About a quarter of Lyft's workforce will be impacted by cuts

By Aislinn Murphy FOXBusiness

A slew of companies revealed this week they plan to trim their headcounts.

The layoffs come on top of The Walt Disney Co. and Amazon also doing rounds of cuts this week as part of previously-announced workforce reductions.

Disney’s second round of layoffs commenced Monday, with Reuters reporting some 4,000 people getting let go across this and the prior round in late March. A third will take place "before the beginning of the summer" that will complete the 7,000 cuts Disney announced in February, according to a memo from CEO Bob Iger.

Meanwhile, Amazon’s cloud computing and human resources divisions on Wednesday faced layoffs after the company in March revealed plans for 9,000 more cuts. The e-commerce giant is shrinking its employee count by 27,000 overall this year.

Several other companies announced layoffs this week.

more
https://www.foxbusiness.com/economy/lyft-gap-first-republic-join-disney-amazon-layoffs

[bigheadfred]

Trying to stay ahead of the curve of Biden's Great Recession.

[libertybele]

Trying to stay ahead of the curve of Biden's Great Recession.

Brandon's great recession will become a Great Depression; worse than the previous one that lasted from 1929-1939. IMHO it will absolutely crumble our Republic, devalue the dollar and China will become the superpower.

[bigheadfred]

Brandon's great recession will become a Great Depression; worse than the previous one that lasted from 1929-1939. IMHO it will absolutely crumble our Republic, devalue the dollar and China will become the superpower.

There is another big bank failure imminent. Three so close together bodes ill for the economy. I don' t see economic people predicting a bright future so it well may become another Great Depression, globally.