Key takeaways
- Meta, Disney and Amazon have all made headlines this week as the highly anticipated job cuts hit workers across multiple divisions
- Meta and Disney’s stock prices dipped while Amazon gained very slightly
- More layoffs not off the table as economy worsens
Meta, Disney and Amazon have forged ahead with their mass layoffs rounds this week, with some workers finding out on Wednesday that their jobs were gone. The departments affected range from advertising to on-air presenters, with no stone left unturned and workers feeling the pressure.
Wall Street was largely indifferent to the news, but it wasn’t the same positive reaction big companies enjoyed when the news first broke. Let’s look at the latest layoffs news, why Wall Street isn’t impressed and whether more layoffs are on the cards.
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