In the first few months of 2022, a wave of layoffs swept across American business.
The cuts stem from slower business growth, paired with rising labor costs.
Even major tech companies like Facebook parent company Meta are facing contractions.
Layoffs are sweeping across American businesses in the first few months of 2022.
Recent startups like Peloton have already laid off thousands of employees this year. Even traditionally layoff-resistant companies like Netflix are making cuts. Now, online car dealer Carvana plans to slash 12% of its workforce.