NPR must lay off 10% of its workforce to address an advertising shortfall of about $30 million, CEO John Lansing says. Lansing says marketers are nervous about the economy.
Big companies such as Amazon and Google have recently announced layoffs. On Wall Street, getting cut is always acknowledged as an ever-lurking prospect — but it still stings when it happens.
Amazon began layoffs, reportedly affecting as many as 10,000 employees. That follows job cuts at Meta, Twitter, and Stripe, with CEOs citing economic uncertainty and a slowdown in online ad buying.
New owner Elon Musk moved swiftly to fire thousands, saying "unfortunately there is no choice" when Twitter is bleeding money. Critics called for an ad boycott.
Tesla, JPMorgan, Netflix, Redfin and Coinbase are among companies that are cutting jobs. While layoffs are contained to the hottest parts of the economy, there's fear they could spread elsewhere.
Airlines have furloughed tens of thousands of employees. Now they wonder what they'll do next. For some it's a career change; for others it's finding a temporary job until the industry recovers.