job cuts

PayPal plans to reduce its workforce by 7%, or 2,000 employees, as it faces economic challenges similar to those impacting the wider tech industry.

Meta Platforms Inc. restructures by closing three game studios, impacting over 1,000 jobs, as it refocuses on core products amid market challenges.

The U.S. labor market faces increasing challenges with significant layoffs across industries and government agencies, signaling a cautious economic climate.