Tech Firms Lead Job Cuts in Corporate America

Tech Firms Lead Job Cuts in Corporate America
Job seekers wait before a job fair for airport related employment at Logan International Airport in Boston on Dec. 7, 2021. Brian Snyder/Reuters
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Big Tech firms are leading a string of layoffs across corporate America as companies look to rein in costs to ride out the economic downturn.

Persisting inflation leading to interest rate hikes, weak consumer demand, and an economic slowdown in China have forced firms from Amazon to Walt Disney and banks to trim their workforce.