from ZeroHedge:

Nervous public companies no longer have to look around and wonder who is going to be the first to start the layoff deluge – as we have noted here on Zero Hedge, the trend is clearly in full effect, led by tech companies, despite supposedly robust macro jobs data.

We have seen layoffs everywhere from auto companies like Ford, to investment banks like Goldman, to technology companies – especially those who once had “disruptive” in their name. Tech giant Meta looks to be setting up to continue this trend.