Why Are Atlanta Tech Companies Laying Off Employees?
Thursday, July 14th, 2022
Investors are pulling back from technology startups after record amounts of capital flooded company reserves last year.
Meta Platforms Inc., the parent company of Facebook, is preparing employees for "the worst downturn that we’ve seen in recent history,” according to The New York Times. Netflix Inc. is cutting hundreds of jobs. Carvana cut 2,500 employees from its payroll. See more.
