In 2022, more than 120 large U.S. companies conducted major rounds of layoffs, cutting nearly 125,000 employees, according to Forbes layoff tracker. New York CNN BuzzFeed, Lyft, Whole Foods and Deloitte all recently announced layoffs affecting thousands of US workers. Copyright 2023 Dow Jones & Company, Inc. All Rights Reserved. He reported that 96 percent of the company's annual contract value (ACV) was being delivered by just 50 percent of sales account executives. H&R Block Tax: 15% Off DIY Online Tax Filing Services | H&R Block Coupon . Budrul Chukrut/SOPA Images/LightRocket/Getty Images, Liz Hafalia/The San Francisco Chronicle/Getty Images, Brian Ach/Invision for The RealReal/AP Images. February 16DocuSign unveiled plans to cut 10% of its staff in a Securities and Exchange Commission filing on Thursday, affecting roughly 740 of its 7,400 employeesthe San Francisco-based software companys second round of cuts in less than half a year, after it slashed another 9% of its workforce last November. Address: 55 York Street, Suite 401, Toronto ON M5J 1R7 People may receive compensation for some links to products and services on this website. IBM was another to announce cuts to its workforce. March 8Hunter Douglas plans to lay off 361 of its roughly 23,000 employees, the company announced in a state filing, as the window and curtain company closes a facility in Cumberland, Maryland, the Cumberland Times-News reported. Lets take a look at some of the biggest layoffs so far in 2023. Bank of America - cut 1,000 mortgage jobs in Ohio, closing offices in Beachwood, Cincinnati, and Independence. Layoffs Sweeping the US: Amazon, CNN, Goldman Sachs Making Cuts Article continues below advertisement Microsoft is cutting costs by laying off 10,000 employees. The Companies Conducting Layoffs in 2023: Here's the List - MSN Unlike some big . Amazon, Meta and Twitter led a group of major U.S. companies to conduct large rounds of layoffs over the first three months of 2023, as recession fears stemming from high inflation and interest rate hikes prompted employers to introduce restructuring plans (major layoffs in April and beyond are listed here). The layoffs come as T. Rowe (Nasdaq: TROW) has rebounded in 2023 after a tough 2022 that saw the company's assets under management drop 25%. Amazon, Meta and Twitter led a group of major U.S. companies to conduct large rounds of layoffs over the first three months of 2023, as recession fears stemming from high inflation and . By Jan. 23, the vision for Googles layoffs was a bit more clear and included long-tenured employees, those who recently received promotions, and some international employees. Lululemon is the latest retail company to lay off employees. Source: Washington Post https://www.washingtonpost.com/business/2023/01/06/layoff-numbers/, Subscribe for top news, trends, analysis, & more in your inbox. July 28 (Reuters) - U.S. trucking firm Yellow (YELL.O) has laid off a large number of workers as the company copes with a cash crunch and weighs options including an imminent bankruptcy . Dow is in the process of slashing about 2,000 global positions in an effort to reduce costs, The Wall Street Journal reported on Jan. 26. Twitter continued making cuts since then and reportedly laid off a few dozen foreign employees in 2023. Even in India, thousands of workers have lost their jobs as companies and startups including Google India, Amazon India, Ola, Byju's among . March 9Lockheed Martin plans to cut 176 employees from its Sikorsky heavy lift helicopter division in Maryland, according to a Work Adjustment and Retraining Notification filing with the Maryland Department of LaborLockheed Martin had 116,000 employees as of last month, according to PitchBook. .xjrDr0{cursor:pointer}.uhWS4b{--container-corvid-border-color:rgba(var(--brd,var(--color_15)),var(--alpha-brd,1));--container-corvid-border-size:var(--brw,1px);--container-corvid-background-color:rgba(var(--bg,var(--color_11)),var(--alpha-bg,1))}.dfnqE5{background-color:var(--container-corvid-background-color,rgba(var(--bg,var(--color_11)),var(--alpha-bg,1)));border:var(--container-corvid-border-width,var(--brw,1px)) solid var(--container-corvid-border-color,rgba(var(--brd,var(--color_15)),var(--alpha-brd,1)));border-radius:var(--rd,5px);bottom:0;box-shadow:var(--shd,0 1px 4px rgba(0,0,0,.6));left:0;position:absolute;right:0;top:0}.itemDepth02233374943__root{-archetype:paintBox;cursor:pointer;display:block;text-decoration:none}.itemDepth02233374943__root.itemDepth02233374943--isCurrentPage,.itemDepth02233374943__root.itemDepth02233374943--isCurrentPage .itemDepth02233374943__label,.itemDepth02233374943__root.itemDepth02233374943--isHovered,.itemDepth02233374943__root.itemDepth02233374943--isHovered .itemDepth02233374943__label{transition:all .08s linear}.itemDepth02233374943__container{-archetype:box;align-items:center;display:flex;height:100%}.itemDepth02233374943__label{-archetype:text;-controller-part-type:LayoutChildDisplayDropdown;transition:inherit;white-space:nowrap}.itemDepth02233374943__itemWrapper{flex-grow:inherit}.itemDepth02233374943__positionBox{display:none;margin:auto;position:fixed;z-index:var(--position-box-z-index,47)}.itemDepth02233374943__positionBox.itemDepth02233374943--isColumn{left:0;position:absolute;right:0}.itemDepth02233374943__positionBox.itemDepth02233374943--isStretched{max-width:unset}@keyframes itemDepth02233374943__fadeIn{0%{opacity:0}to{opacity:1}}.itemDepth02233374943__animationBox{animation-delay:calc(var(--is-animated) * .05s);animation-duration:calc(var(--is-animated) * .1s);animation-fill-mode:forwards;max-height:var(--max-height,none);opacity:0;overflow-y:var(--overflow-y,visible);transition:border-color .08s cubic-bezier(.25,1,.5,1),box-shadow .08s cubic-bezier(.25,1,.5,1)}.itemDepth02233374943__positionBox.itemDepth02233374943--isStretched .itemDepth02233374943__animationBox{width:100%}.itemDepth02233374943__positionBox.itemDepth02233374943--isStretched .itemDepth02233374943__megaMenuComp{width:100%!important}.itemDepth02233374943__itemWrapper[data-hovered] .itemDepth02233374943__animationBox{animation-name:itemDepth02233374943__fadeIn}.itemDepth02233374943__alignBox{display:flex}.itemDepth02233374943__list{-moz-column-gap:calc(1px * var(--horizontalSpacing));column-gap:calc(1px * var(--horizontalSpacing))}.itemDepth02233374943__itemWrapper[data-hovered] .itemDepth02233374943__positionBox{display:block}.itemDepth02233374943__megaMenuComp{flex-shrink:0;margin-top:var(--containerMarginTop)!important;padding:0!important}.itemDepth02233374943__itemWrapper:not([data-hovered]) .itemDepth02233374943__megaMenuComp{display:none}.itemDepth12472627565__root{-archetype:paintBox;display:block;position:relative;text-decoration:none}.itemDepth12472627565__container{display:flex}.itemDepth12472627565__label{-archetype:text;word-wrap:var(--label-word-wrap);display:block;overflow:hidden;overflow-wrap:var(--label-word-wrap);text-overflow:clip;white-space:var(--white-space)}.itemDepth12472627565__itemWrapper{-moz-column-break-inside:avoid;break-inside:avoid;page-break-inside:avoid;position:relative}.itemDepth12472627565__itemWrapper:after{clear:both;content:"";display:table}.itemDepth12472627565__positionBox{display:var(--subsubmenu-box-display);left:var(--subsubmenu-box-left);position:var(--subsubmenu-box-position);right:var(--subsubmenu-box-right);top:0}.itemDepth12472627565__positionBox[data-reverted]{left:var(--subsubmenu-box-right);right:var(--subsubmenu-box-left)}.itemDepth12472627565__itemWrapper[data-hovered] .itemDepth12472627565__positionBox{display:block}@keyframes itemDepth12472627565__fadeIn{0%{opacity:0}to{opacity:1}}.itemDepth12472627565__animationBox{animation-delay:calc(var(--is-animated) * .05s);animation-duration:calc(var(--is-animated) * .1s);animation-fill-mode:forwards;margin-top:0!important;opacity:0}.itemDepth12472627565__itemWrapper[data-hovered] .itemDepth12472627565__animationBox{animation-name:itemDepth12472627565__fadeIn}.StylableHorizontalMenu3372578893__root{-archetype:paddingBox;box-sizing:border-box;display:flex;height:100%;width:100%}.StylableHorizontalMenu3372578893__root *{box-sizing:border-box}.StylableHorizontalMenu3372578893__menu{display:flex;flex-wrap:var(--menu-flex-wrap,wrap);min-width:-moz-fit-content;min-width:fit-content}.StylableHorizontalMenu3372578893__root.StylableHorizontalMenu3372578893---menuMode-6-scroll .StylableHorizontalMenu3372578893__menuItem{box-sizing:border-box;height:100%;margin-bottom:0!important;margin-top:0!important}.focus-ring-active .StylableHorizontalMenu3372578893__menuItem:focus{box-shadow:0 0 0 1px #fff,0 0 0 3px #116dff!important}.focus-ring-active .StylableHorizontalMenu3372578893__root.StylableHorizontalMenu3372578893---menuMode-6-scroll .StylableHorizontalMenu3372578893__menuItem:focus{box-shadow:inset 0 0 0 1px #116dff,inset 0 0 0 3px #fff!important}.StylableHorizontalMenu3372578893__root.StylableHorizontalMenu3372578893---menuMode-6-scroll .StylableHorizontalMenu3372578893__menu>li:first-of-type .StylableHorizontalMenu3372578893__menuItem{-webkit-margin-start:0!important;margin-inline-start:0!important}.StylableHorizontalMenu3372578893__root.StylableHorizontalMenu3372578893---menuMode-6-scroll .StylableHorizontalMenu3372578893__menu>li:last-of-type .StylableHorizontalMenu3372578893__menuItem{-webkit-margin-end:0!important;margin-inline-end:0!important}.StylableHorizontalMenu3372578893__root.StylableHorizontalMenu3372578893---menuMode-6-scroll .StylableHorizontalMenu3372578893__menu{height:auto!important;margin:0!important}.StylableHorizontalMenu3372578893__root.StylableHorizontalMenu3372578893---menuMode-6-scroll{-ms-overflow-style:none;-webkit-overflow-scrolling:touch;overflow-x:scroll;scrollbar-width:none}.StylableHorizontalMenu3372578893__root.StylableHorizontalMenu3372578893---menuMode-6-scroll::-webkit-scrollbar{display:none}.StylableHorizontalMenu3372578893__megaMenuWrapper{display:flex}.submenu815198092__heading .itemDepth12472627565__label{color:#000}.submenu815198092__pageWrapper{margin-left:auto!important;margin-right:auto!important}.submenu815198092__overrideWidth{width:100%!important}.submenu815198092__rowItem:last-child{margin-bottom:0!important}.submenu815198092__rowItem+.submenu815198092__rowItem,.submenu815198092__rowItem:first-child{margin-top:0}.ScrollButton2305195801__root{-archetype:paddingBox;align-items:center;cursor:pointer;display:flex;justify-content:center;overflow:hidden;pointer-events:auto;pointer-events:none;visibility:hidden}.ScrollButton2305195801__root:hover{transition:all .08s linear}.ScrollButton2305195801__root.ScrollButton2305195801---side-4-left{transform:scaleX(-1)}.ScrollButton2305195801__root.ScrollButton2305195801--isVisible{pointer-events:auto;visibility:visible}.ScrollButton2305195801__icon{-archetype:icon;-controller-part-type:LayoutChildDisplayDropdown;max-height:100%;max-width:100%;min-width:1px}.ScrollButton2305195801__icon>svg{height:inherit;width:inherit}.ScrollControls2015960785__root{border:inherit;border-color:transparent;bottom:0;display:var(--scroll-controls-display,flex);justify-content:space-between;left:0;padding-bottom:inherit;padding-top:inherit;pointer-events:none;position:absolute;right:0;top:0} Google, Meta, Amazon: Who Was Impacted by 2023 Tech Layoffs - Springboard "We don't have the same level of performance and productivity that we had in 2020 before the pandemic. Subscribe to Intellizence to get the complete layoffs, downsizing, job cuts, and hiring freeze data curated from news sources and WARN filings. February 7Atlanta-based cybersecurity company Secureworks announced in a SEC filing it will cut 9% of its staff (estimated to affect roughly 225 of its nearly 2,500 employees, according to PitchBook), as it looks to reduce spending amid a time when some world economies are in a period of uncertainty., February 6Jet maker Boeing confirmed to multiple news outlets plans to cut around 2,000 jobs in finance and human resources this year, though the firm said it will increase its overall headcount by 10,000 employees with a focus on engineering and manufacturing.. The first two weeks of 2023 have been dominated by headlines about layoffs across a number of high-profile tech companies. March 15Marketing e-commerce firm Klaviyo slashed 140 of its roughly 1,200 positions, TechCrunch and the Boston Globe reported, making it the latest Boston-based tech company to reduce its head count, following HubSpot, Wayfair and Whoop. By clicking Sign up, you agree to receive marketing emails from Insider A comprehensive list of 2023 tech layoffs | TechCrunch So far in 2023, 200 tech companies have laid off a total of 59,448 workers, according to layoffs-tracking website Layoffs.fyi. Here's a list. 125,000 Laid Off In Major Cuts As Recession Fears Spiked, According To Forbes Tracker (Forbes), Goldman Sachs Will Reportedly Cut More Than 3,000 JobsAs Major Layoffs Continue Into 2023 (Forbes), 46,000 Laid Off In November Alone As Job Cuts Grow (Forbes), Amazon and Meta let a series of layoffs over the, Copyright 2020 The Associated Press. Mass Layoffs in 2022 & 2023: What's Next for Employees? March 22Glassdoor, a San Francisco-based employer rating site, will reduce its workforce by roughly 15%, affecting 140 employees, CEO Christian Sutherland-Wong announced in a statement, blaming the shifting macroeconomic environment.. January 31HubSpot, a Cambridge, Massachusetts-based software company, said it would cut 7% of its workforce by the end of the first quarter of 2023 in a SEC filing, as part of a restructuring plan, with CEO Yamini Rangan telling staff it follows a downward trend after the company bloomed in the Covid-19 pandemic, with HubSpot facing a faster deceleration than we expected., January 30Philips said it would cut 3,000 jobs worldwide in 2023 and 6,000 total by 2025 after the Dutch electronics and medical equipment maker announced $1.7 billion in losses for 2022, as CEO Roy Jakobs added the company will now focus on strengthening our patient safety and quality management.. ", filing with the US Securities and Exchange Commission, avert a total shutdown and keep 195 stores open. Brandon Taylor The broader labor . February 15Accounting firm KPMG could cut 2% of its staff (roughly 700 employees), the Financial Times reported, citing a staff memo from Carl Carande, the vice-chair of the companys U.S. advisory business, who said the cuts are intended to align its workforce with current and anticipated market demandmaking it the first of the so-called Big Four accounting firms to conduct a major round of layoffs amid growing recession fears in recent months. Amazon, like all other tech giants, is feeling the pinch of a declining economy, prompting it to hold another round of layoffs. Hardly any hourly warehouse and delivery personnel are expected to be affected. A stream of companies have .css-1h1us5y-StyledLink{color:var(--interactive-text-color);-webkit-text-decoration:underline;text-decoration:underline;}.css-1h1us5y-StyledLink:hover{-webkit-text-decoration:none;text-decoration:none;}announced layoffs this year as they recalibrate amid concerns about a slowing economy. While companies have cited the uncertain economic climate . January 5Crypto lender Genesis Trading reportedly laid off 30% of its workforce, according to the Wall Street Journal, which spoke to unnamed sourcesthe companys second round of cuts since August, lowering its staff to 145. Twitter again sued over severance pay, bias during layoffs NOW WATCH: Filing for unemployment? January 9Goldman Sachs could lay off as many as 3,200 employees in one of the biggest round of job cuts so far in 2023 as the investment banking giant prepares for a possible recession, multiple outlets reported, citing people familiar with the job cuts. SAP layoffs. This copy is for your personal, non-commercial use only. They join a growing list of companies cutting back on their. TurboTax: Save up to $15 with TurboTax coupon May 2023. Of the estimated 160,000 employees Google has working for it, 12,000 were laid off in January 2023. Amdocs Layoffs Sweeping the US: Binance, Robinhood, Ford, Grubhub, Spotify Hootsuite replaced its CEO and cut 70. January 243M, the maker of Post-it Notes and Scotch tape, announced it would cut roughly 2,500 global manufacturing positions in a financial report, as chairman and CEO Mike Roman said the company expects macroeconomic challenges to persist in 2023.. Between inflation and the rising costs of goods and services, companies are struggling to sustain and many are laying off employees to cope. Layoffs come. The layoffs accounted for roughly 3.6% of its 220,000 global workforce. February 24Ericssons latest round of layoffs, which is expected to affect 8% of its nearly 106,000 global employees (roughly 8,500 positions), comes as part of a cost-cutting plan intended to save roughly $880 million by the end of 2023 and includes 1,400 positions it had announced would be cut earlier this week in Sweden, where the company is headquartered. Access your favorite topics in a personalized feed while you're on the go. January 9Artificial intelligence startup Scale AI announced plans to cut one fifth of its staff, CEO Alexandr Wang announced in a blog post, saying the company grew rapidly over the past several years, but faces a macro environment that has changed dramatically in recent quarters.. While 2023 has just started, the economic turbulence that has carried over from 2022 is as strong as ever. Most of the cuts so far have impacted corporate retail employees. HP- Hewlett-Packard announced that it plans to cut between 4,000 to 6,000 roles over the next three years in response to poor PC sales that have declined since the sharp rise during the pandemic. Check back regularly for updates to our IT job layoffs tracker. While the exact numbers are unclear since Musk took over and made the company private, Twitter has been making the news quite frequently in regards to layoffs. The cuts apply "across Alphabet product areas, functions,. The tech, mortgage and auto industries are among the hardest hit with layoffs going into 2023. The following is the list of major layoffs, job cuts, and hiring freezes announced by leading companies in 2023. January 11BlackRock officials reportedly told employees the New York-based company plans to reduce its headcount by 2.5%the company did not immediately respond to a Forbes inquiry for further details, but in an internal memo obtained by Bloomberg, CEO Larry Fink and President Rob Kapito said the move comes amid uncertainty around us that necessitates staying ahead of changes in the market., January 11In a memo to employees, Flexport CEOs Dave Clark and Ryan Petersen announced plans to slash 20% of the companys global workforce (estimated to affect 662 of its more than 3,300 employees, according to data from PitchBook), saying the supply chain startup is not immune to a worldwide the macroeconomic downturn.. Apple Tim Cook Apple Many people on social media have celebrated Tim Cook for asking for a 40% pay cut for 2023 while avoiding layoffs at Apple. Globally, 482 tech . @-moz-document url-prefix(){:invalid{box-shadow:none}:-moz-submit-invalid,:-moz-ui-invalid{box-shadow:none}}@keyframes kYZz2Z{0%{animation-timing-function:ease-out;transform:rotate(180deg)}45%{transform:rotate(198deg)}55%{transform:rotate(234deg)}to{transform:rotate(540deg)}}@keyframes wlf4P4{to{opacity:1;transform:rotate(115deg)}}.bkIuWA.xXaCpo{--display:flex;align-items:center;display:var(--display);justify-content:center}.d1WWt1{animation:kYZz2Z 1s linear infinite;height:72px;margin-left:-18px;overflow:hidden;position:absolute;transform-origin:100% 50%;width:36px}.d1WWt1:after,.d1WWt1:before{animation:wlf4P4 .5s linear infinite alternate;border:3px solid currentColor;border-color:currentColor transparent transparent currentColor;border-radius:50%;bottom:0;content:"";left:0;position:absolute;right:-100%;top:0;transform:rotate(-45deg)}.d1WWt1:before{color:#7fccf7}.d1WWt1:after{color:#3899ec;opacity:0} Among the giant companies are Amazon, Meta and Twitter. Their moves follow job cuts earlier this month at. Postmedia announced its cutting 11% of its staff across its entire network. January 31Publishing giant HarperCollins announced it would slash 5% of its staff in the U.S. and Canada as the publisher struggles with declining sales and unprecedented supply chain and inflationary pressures; HarperCollins is estimated to have roughly 4,000 employees worldwide, with more than half of them working in the U.S., the Associated Press reported. The biggest came from Facebook and Instagram parent company Meta, which laid off roughly 11,000 employees in November. January 13LendingClub announced it would lay off 225 employees (roughly 14% of its workforce) in a SEC filing, amid a challenging economic environment, as the San Francisco-based company attempts to align its operations to reduced marketplace revenue following seven rounds of Federal Reserve interest rate hikes last year and as concerns persist of a potential recession. January 18Microsofts cuts, which affect 10,000 employees (less than 5% of its workforce), come three months after the Washington-based company conducted another round of layoffs affecting less than 1% of its roughly 180,000 employees, with CEO Satya Nadella saying in a message to employees that some workers will be notified starting Wednesday, and the layoffs will be conducted by the end of the third fiscal quarter in September. Gap, J.Crew, Nordstrom, Walmart, and more have made job cuts since the start of the year. Here's how to get started. January 5Online apparel company Stitch Fix will lay off 20% of its salaried staff and close a Salt Lake City distribution center, founder and interim CEO Katrina Lake announced in an internal memo, after laying off another 15% of its staff last June. A Long List of Mortgage Layoffs, Mergers, and Closures Salesforce was the first big company to conduct layoffs in 2023 when they announced on January 4th that around 8,000 staff would be terminated roughly 10% of its overall workforce. Email: [email protected], Join us for our Customer Intelligence Webinar on Oct 26, 2021. Copyrights 2023 All Rights Reserved by Intellizence, Inc. The tech sector has already experienced a substantial number of job cuts in 2023, with Amazon, Alphabet, Microsoft, Salesforce, Dell, IBM, SAP, Paypall, Wayfair, and Yahoo each reporting. .JVi7i2,.hrbzfT{background-color:var(--corvid-background-color,rgba(var(--bg,0,0,0),var(--alpha-bg,0)));border:solid var(--corvid-border-color,rgba(var(--brd,227,227,227),var(--alpha-brd,1))) var(--corvid-border-width,var(--brw,0));border-radius:var(--corvid-border-radius,var(--rd,0));box-shadow:var(--shd,0 0 0 transparent)}.d3n4V3{height:100%;left:-var(--corvid-border-width,var(--brw,0));position:absolute;top:-var(--corvid-border-width,var(--brw,0));width:100%} Amazon as well cited the economic uncertainty and fast paced hiring of the past few years as the main reasons for cutbacks. Worried About Impending Layoffs? - Harvard Business Review March 29Electronic Arts, the maker of video game franchises such as Battlefield, FIFA and Madden, will cut roughly 6% of its workforce, the company announced in a SEC filing Wednesday, with CEO Andrew Wilson writing in a memo to staff the company is moving away from projects that do not contribute to our strategy amid macro uncertainty.. Wake up it is going to be bad. February 9News Corp, the owner of the Wall Street Journal, New York Post, publishing giant HarperCollins as well as outlets in the U.K. and Australia, plans to slash its workforce by 5% this year (roughly 1,250 employees), the Journal reported, following a 7% revenue drop to $2.52 billion over a 12-month period ending in December. 87990cbe856818d5eddac44c7b1cdeb8, Continue reading your article witha WSJ subscription, Already a subscriber? More Macy's stores to close in 2023. See the list of closing - MSN March 28Lucid Group, a San Francisco Bay area electric car maker, announced in a SEC filing it will cut 18% of its more than 7,200 employees by July as part of a restructuring plan to adjust to evolving business needs and productivity improvements.. The company stated that its Future Ready Transformation Plan, estimates annualized gross run rate cost savings of at least $1.4 billion by the end of fiscal 2025, and restructuring and other charges of approximately $1.0 billion., List of Layoff Announcements So Far in 2023, While 2023 has just started, the economic turbulence that has, In 2022, more than 120 large U.S. companies conducted major rounds of layoffs, cutting nearly 125,000 employees, according to, Layoff numbers chart. February 2Okta CEO Todd McKinnon unveiled plans to reduce the tech companys workforce by 5% (roughly 300 positions) in an SEC filing on Thursday, citing a period of over-hiring over the past several years that did not account for the macroeconomic reality were in today., February 1NetApp, a San Jose, California-based cloud data company, announced plans in an SEC filing to lay off 8% of its staff (estimated to affect 960 employees) by the end of the fourth fiscal quarter of 2023 in light of the macroeconomic challenges and reduced spending environment.. Just this week, Alphabet, Google's parent company, Microsoft (MSFT) and Vox Media announced layoffs that will affect more than 22,000 workers. February 8Nomad Health, a New York-based online healthcare staffing management company, is laying off 17% of its corporate staff (nearly 120 employees), with CEO Alexi Nazem telling workers in a letter obtained by Forbes the move comes as the company is confronting a major shift in the post-pandemic economy due to high inflation, recession fears and low consumer demand. We, Engadget, are part of the Yahoo family of brands.
