Layoffs and Job Reductions – Page 40

Loans Could Burn Start-Up Workers in Downturn

Tech workers took out loans based on the value of their start-up stock in recent years. That may come back to haunt them.

Productivity gains achieved during the pandemic have diminished as low-wage workers return en masse.

The drop was another fallout of rising inflation and widespread economic uncertainty, and a retreat after years of a funding boom.

In an internal meeting this week, Mr. Zuckerberg said the tech giant was facing one of the “worst downturns that we’ve seen in recent history.”

In an internal meeting this week, Mr. Zuckerberg said the tech giant was facing one of the “worst downturns that we’ve seen in recent history.”