Economists are comparing the latest layoff trends to those of the 2008 recession, though the recessions each have unique causes. Reminder that these #layoffs are not an indication of the economy but rather poor planning by these companies. — Erin | VA Coach (@ErinBoothVA) January 20, 2023The layoffs are not only effecting newer employees. #layoffs — Jeremy Joslin (@jcj) January 20, 2023Twitter’s layoffs were a unique case–investor and entrepreneur Elon Musk bought the platform in late 2022. Wayfair, a furniture company based in Boston, Massachusetts, will reportedly be next to lay off thousands of tech employees.

Source: New York Times January 20, 2023 22:56 UTC