FAST FIVE: Visualizing All The Latest Major Layoffs At US Corporations
Understandably, this has a lot of people worried.
Note: Due to gaps in reporting, as well as the very large number of US corporations, this list may not be comprehensive.
The primary reason for these cuts is rising mortgage rates, which are negatively impacting the demand for homes.
Many more cuts are expected, however, as Facebook recently reported its first revenue decline in 10 years.
Rising interest rates, which make it more expensive for businesses to borrow money, are also having a negative impact on growth.