Companies which saw substantial growth during the Covid-19 pandemic are starting to take a more cautious approach toward hiring and spending.
From Peloton Interactive Inc. and Meta Platforms Inc. to Twitter Inc Uber Technologies Inc. and others, corporate belt tightening comes as the Federal Reserve is raising interest rates, global stock markets have fallen and concerns of an economic slowdown are mounting.
Source: https://www.wsj.com/articles/the-companies-cutting-staff-freezing-hiring-or-slashing-costs-see-the-list-11652389460?siteid=yhoof2&yptr=yahoo