There have been more than 32,000 layoffs in the tech sector in the U.S., including at Microsoft and Meta (formerly Facebook). For the tech industry, the worst is yet to come. Fox Business reported Friday that several companies across the country are planning to reduce their employee numbers.
In response to the Bureau of Economic Analysis’ announcement that the U.S. economy contracted for the second quarter, President Biden said the U.S. economy is “on the right path.” Using the data provided by the Bureau of Economic Analysis, the economy contracted by .9% between April and June. In traditional economic terms, a recession is … Read more