Layoffs at Amazon, Meta, Twitter: What do they say about US economy?

Amazon plans to lay off 10,000 workers, according to the New York Times. That’s part of a wave of cuts at some of the biggest tech companies. Meta, the parent of Facebook and Instagram, laid off more than 11,000 employees, which is about 13% of its workforce. Twitter laid off thousands as well. There have been similar layoffs at Salesforce, Stripe, Redfin, and Lyft. 

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