The chief executives of Alphabet and Meta Platforms, the parent companies of Google and Facebook and major heavy hitters in the tech world, are warning under-performing employees to step it up, drawing concern for potential layoffs amid the continued economic downturn.
The U.S. economy shrank from April through June for a second straight quarter, raising fears about an economic recession. Consecutive quarters of falling gross domestic product (GDP) constitute one traditional measure, though not definitive, of a recession. -- More...