Layoffs are piling up from Amazon to Compass as tech companies enter 2023 scrambling to get ahead of a possible recession

Jan 6 2023 by Business Insider

 

Shayanne Gal/Insider

January is often the worst month for layoffs.

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Layoffs tend to peak in January. It often makes sense for companies to adjust their budgets then. Now many tech companies are conducting layoffs in anticipation of a recession.  Amazon just told staff it's cutting 18,000 roles, the largest layoff in the company's history.

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For all the layoffs that swept corporate America in the final months of 2022, this...

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