Between record-breaking inflation rates, supply chain disruptions and the Fed hiking interest rates up, many are concerned that the U.S. economy is headed toward a recession — and that its arrival will bring along a wave of layoffs.
The U.S. has more than a 50% chance of a recession within the next 18 months, according to financial services company TD Securities, and companies like Netflix, Robinhood, Glossier and Lyft have already laid off workers this year. Tesla is laying off 229 data annotation employees, and shutting down their San Mateo, California office.
