The Growing List Of US Companies Laying People Off

As the economy continues to grind to a halt and inflation continues to run rampant, U.S. businesses are starting to realize the obvious – that they are stretched too thin financially – and are starting to cut unnecessary fat from their respective organizations.

So much for “building back better”…

In fact, layoffs are now “sweeping across American businesses,” according to a new report from Insider, who recently ran down a list of the U.S. companies that have begun hacking away at their respective labor forces.

In addition to the names you’d expect to be on the list, like Peloton (has laid off 2,800 people) and Netflix, there were also some lesser known and private company names that are making material layoffs. ‘

Better has been laying off 4,000 people from “late 2021” and “through the first several months of 2022”. CEO Vishal Garg reportedly told employees during a Zoom meeting that the company, “lost $100 million last quarter,” which he said, “was my mistake.”

He didn’t lay himself off, however, to the best of our understanding.

Weight loss app Noom has recently laid off hundreds of coaches as part of a total of laying off 495 people, the report says. Noom appeared to already be stretched thin, with coaches reportedly responsible for “giving advice to hundreds of users at any given time.”- READ MORE