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
Elon Musk's take on the economy
SoundCloud layoffs coming
How to conduct layoffs respectfully—and avoid viral backlash
Walmart cuts 200 corporate jobs amid inflation
Robinhood plans more layoffs
Sports streamer FuboTV plans to cut workers—report
Wikipedia blocks some users from editing its ‘recession’ page
Oracle cuts workers in customer experience unit
Apple posts job listings for marketers knowledgeable in Web3
Vox Media cuts 39 staffers

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.