Lyft announced more than 1,000 layoffs. Gap cut 1,800 jobs. Dropbox announced 500 layoffs.
Economic uncertainty means companies don't know how much they'll sell or how many people they can afford to employ.
"It's kind of like a double-edged sword where if we want to fight inflation, there does have to be a slowdown in economic growth," Guo said."We can't expect inflation and prices to come down if there aren't some layoffs.""Every time there's a downturn, there's innovation," venture capitalist Nitin Rai said."Because there are people like me who are looking for those early ideas, who want to invest early in these companies," he said.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Bay Area foursome arrested in high-speed Santa Cruz County pursuitThe driver was reportedly evading the CHP in a reckless manner, driving at speeds of greater than 100 miles per hour and swerving in and out of all lanes.
Weiterlesen »
Bay Area maestro's final concert to cap 58-year career including Clear Creek ISD choirsA Bay Area maestro who has been a conductor for 58 years will conduct the Bay Area Chorus...
Weiterlesen »
When to expect the hottest weather in the Bay Area this weekThe heat is turning on across the San Francisco Bay Area.
Weiterlesen »
FROM THE ARCHIVE: Humphrey the whale leaps into hearts of Bay Area residents in 1985All this talk about a whale in the San Francisco Bay can't help but conjure up memories of what may be the Bay Area's most famous marine visitor -- Humphrey the lost whale. Here's a look back at when he leapt into our hearts in 1985:
Weiterlesen »
Warming Bay Area temperatures bring with them Spare the Air alertTemperatures are expected to reach at least 90 degrees Thursday in the region’s hottest spots.
Weiterlesen »
Busy Bay Area highway could see 'tolling as a practical solution'“People support doing something about the congestion on Highway 37. But they don’t support tolling. And so there’s the rock and the hard place there.”
Weiterlesen »