Companies let go of workers as recession fears linger
Written by ABC AUDIO on July 2, 2022
The tech industry is bracing for a potential recession.
Several companies, including Netflix, Microsoft and PayPal, rolled out layoffs and hiring freezes, anticipating a downturn in the economy.
Last week, Netflix confirmed to USA TODAY it will lay off about 300 employees, its second round of layoffs this year. In May, Netflix laid off 150 employees.
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