Layoffs and budget cuts—tracking economic moves and news
How brands and agencies are bracing for a recession and responding to deteriorating market conditions
Latest updates
CNN announces layoffs
DoorDash lays off 1,250 employees
Twitter analytics staff decimated by layoffs and resignations
Gary Vee’s Candy Digital platform lays off a third of its staff
Carvana cuts 1,500 jobs
Roku cuts 200 workers, citing streaming slowdown
Amazon plans to cut 10,000 jobs
Disney freezes most hiring in companywide cost-cutting drive
Redfin lays off 13% of staff, shutters house-flipping business
Cameo has second round of layoffs
Meta cuts 11,000 jobs, Zuckerberg says 'I got this wrong'
Salesforce cuts around 1,000 staffers
Warner Bros. Pictures job cuts include marketing
Lyft goes through second round of layoffs
Spinning wheels at Peloton
With the economy slowing down after unprecedented supply chain woes and inflation at its highest in decades—and a growing number of economists predicting a recession—the job market is taking a turn for the worse, with several marketers and agencies already announcing layoffs.
If the tightening continues, it will mark a major shift in the agency, brand marketing and media industries, where the biggest problem employers had been facing was finding enough talent to fill open positions. Now, firms could soon have to decide which jobs to cut.
Below, we track the latest layoff announcements and other budget-cutting news from major marketers and agencies, plus economic headlines to know about. Know about other layoffs in the industry? Here’s how to reach us with the news.