Over the past week, business leaders have laid out in the starkest terms yet that a period of universal strength in the U.S. economy has given way to a muddled outlook in which a labor shortage, soaring stock markets and a healthy consumer are no longer givens.

Technology companies from Facebook parent Meta Platforms Inc. to Uber Technologies Inc. have sharply slowed hiring in recent weeks, and Elon Musk told staff at Tesla Inc. that he plans to cut 10% of its salaried jobs.

This post first appeared on wsj.com

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Is Beyoncé’s ‘Renaissance’ Rollout (Gasp!) Conventional?

An upbeat lead single ready for radio. An album title and release…

University of Phoenix president steps down amid federal inquiry into previous role

The president of the University of Phoenix, one of the largest for-profit…

Vivek Ramaswamy campaigns with former congressman with history of racist remarks

“With the CO2 pipelines, you know who’s not answering? Right at the…

Israel carries out limited strikes on Iran, with the extent of damage unclear

Israeli forces appear to have carried out a counterstrike on Iran five…