Roughly 60,000 U.S. workers lost their jobs in large corporate layoffs so far this month. Earlier this month, crypto exchange Coinbase announced it would cut a quarter of its staff (950 employees) to “weather downturns” in the crypto market. Struggling home goods retailer Bed Bath & Beyond has reportedly started to cut employees, according to an internal memo seen by CNBC, although the memo did not include a number of affected positions. Apple’s biggest round of layoffs came 25 years ago, when former head Steve Jobs cut 4,100 employees. Further Reading2023 Layoffs: Google Slashes 12,000 Employees While Wayfair Cuts 1,750 (Forbes)Goldman Sachs Will Reportedly Cut More Than 3,000 Jobs—As Major Layoffs Continue Into 2023 (Forbes)Alphabet’s Massive Layoffs Fuel $50 Billion Market Rally—And Analysts Expect More Job Cuts Will Boost Tech Stocks (Forbes)

Source: Forbes January 21, 2023 19:39 UTC