Lyft announced more than 1,000 layoffs. Gap cut 1,800 jobs. Dropbox announced 500 layoffs.
Economic uncertainty means companies don't know how much they'll sell or how many people they can afford to employ.
"It's kind of like a double-edged sword where if we want to fight inflation, there does have to be a slowdown in economic growth," Guo said."We can't expect inflation and prices to come down if there aren't some layoffs.""Every time there's a downturn, there's innovation," venture capitalist Nitin Rai said."Because there are people like me who are looking for those early ideas, who want to invest early in these companies," he said.
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