Lately, it seems like the word layoffs has been all over the news.
Got breaking news this morning.
Massive job cuts at Amazon overnight.
The company announcing it'll eliminate approximately 14,000 roles.
Verizon is cutting at least 15,000 jobs.
Target is preparing to cut 1800 corporate jobs.
Name the company?
And name a big brand that you maybe interact with,
and chances are they probably have let some people go.
That's our colleague Chip Cutter.
It's Amazon.
It's Verizon.
It's Target.
We have seen layoffs recently from Microsoft, Meta, Google, Salesforce, Intel.
Just these big, big companies,
and you have so many other major employers across the US just thinking differently about how they're going to hire,
how they're going to get work done, how many people they need.
The layoffs?
primarily target white collar workers.
The job cuts at Paramount will be in areas like finance, legal, technology, and marketing.