Headline jobs numbers and third-quarter corporate earnings still reflect a strong economy overall. But other companies won’t be immune to the softening demand from consumers and businesses that tec…
Friday’s jobs report came in strong: the US economyin October, blowing away analyst expectations of 200,000, even as unemployment ticked up to 3.7%.
Like other tech companies, Apple is worried about slower growth during the holiday season, higher interest rates and waning consumer spending. Covid lockdowns in China are also hurting▸ Meta is planning to begin large-scale layoffs this week, the In a filing announcing the layoffs, Lyft said it would likely incur $27 to $32 million in restructuring charges. “We are not immune to the realities of inflation and a slowing economy,” Lyft’s founders wrote in the memo to staffers. Shares of the car-share company are down nearly 70% so far this year.
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