And start-ups like celebrity video shout-out app Cameo recently announced a round of layoffs amounting to about a quarter of its staff, The Information first reported. Peloton earlier this year announced it would reduce its corporate workforce by about 20% as part of a cost-cutting measure. Retail brokerage Robinhood said recently it's cutting about 9% of full-time employees to weed out overlapping job functions after a large hiring spree. Uber's CEO told employees in a message obtained by CNBC that the company would "treat hiring as a privilege and be deliberate about when and where we add headcount," adding, "We will be even more hardcore about costs across the board."
"We regularly re-evaluate our talent pipeline according to our business needs and in light of the expense guidance given for this earnings period, we are slowing its growth accordingly," a spokesperson confirmed to CNBC.Īmazon's CFO told analysts on the company's earnings call that its warehouses have become " overstaffed," following a large hiring spree during widespread lockdowns that drove consumers more and more to online shopping.
Facebook parent company Meta is pausing hiring and scaling down some recruitment plans, Insider reported last week based on an internal memo it had viewed.
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