Too Long; Didn't Read
Facebook’s parent company Meta has announced laying off more than 11,000 employees. The long list of companies sacking their employees includes Netflix, Netflix, Byju's, Microsoft and many more. Tech firms around the globe are fighting economic slowdowns. The slow consumer spending, higher interest rates by central banks and strong dollars overseas are hinting towards a possible recession. The most common reason for laying off employees is the pressure from investors and cost-reducing measures. Those who have lost jobs should invest their time in personal development and skills improvement.