Business
Big companies have rattled the US job market. They are doing it again.
Part of the reason the US job market is so tight is because large, publicly traded companies have been hiring like crazy after the pandemic hit. Now that many are rushing into the reversal, it looks like there is a wave of unemployment underway.
amazon.com, Disney and Facebook All of the Major Meta Platforms Suddenly Realize They’re Over Hiring and is laying off workers. For those affected, job loss is terrible. But when it comes to the job market, rather than taking these layoffs as a sign that things are falling apart, they could be a sign that it could become more balanced.