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Layoffs 2022: 7 Companies Making Major Job Cuts This Week

  • Companies are laying off employees as the economy suffers.
  • That includes crypto exchanges as the digital assets crash.
  • This comes as inflation has companies seeking ways to cut costs
A woman leaving an office with her things in a box representing 2022 layoffs.

Source: Stock-Asso / Shutterstock.com

Layoffs in 2022 have been rough already, with several companies cutting their workforces just this week.

These layoffs come as macroeconomic factors are affecting companies. That includes the ongoing struggle between the Federal Reserve and inflation. As inflation continues to rise, The Fed has been increasing interest rates in an effort to stop it.

Unfortunately, the Fed has been unable to stop inflation from increasing. As that continues, more and more companies are looking to reduce their headcount as a way to protect profits during economic turmoil.

Let’s check out some of the companies that have laid off employees this week below.

Layoffs 2022

Investors looking for more recent stock market news today will want to keep reading!

We’ve got all the latest stock market coverage that traders need to know about for Friday! Among that is what has Chinese stocks, Alibaba (NYSE:BABA) and Revlon (NYSE:REV) stock on the move today. You can learn about these matters at the following links!

More Friday Stock Market News

On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.


Article printed from InvestorPlace Media, https://investorplace.com/2022/06/layoffs-2022-7-companies-making-major-job-cuts-this-week/.

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