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Layoffs and hiring freezes sweep tech industry giants

Meta — the parent company of Facebook, Instagram and Whatsapp — is expected to announce the first significant layoffs in its history. And it’s not alone: Hiring freezes, layoffs or a combination of both are expected at other major tech giants including Amazon, Apple and Lyft.

Many are facing issues with shrinking businesses and fears of a looming recession for the first time in their history. Roben Farzad, host of Public Radio’s “Full Disclosure,” joins host Robin Young for more.

This article was originally published on WBUR.org.

Copyright 2022 NPR. To see more, visit https://www.npr.org.