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The Wall Street Journal

Mega-Corporations Messed Up America’s Job Market. They’re Doing it Once more.



A part of what has made America’s job market so tight is that massive, publicly traded corporations employed like loopy after the pandemic struck. Now that many are slamming into reverse, it looks as if there’s a wave of unemployment underneath method.

Amazon.com, Disney and Fb father or mother Meta Platforms are all abruptly recognizing that they overhired and are firing workers. For the folks affected, job losses are horrible. However with regards to the job market, reasonably than considering of those layoffs as an indication issues are falling aside, they may be a sign that it might come into higher stability.

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