Big companies are starting to get nervous about the job market
CNN
The job market in America is still healthy. The unemployment rate is just 3.6% and many employers are continuing to hire workers at a steady clip. But some major companies appear to be getting a little nervous.
Apple (AAPL) is said to be slowing its pace of new job additions. Microsoft (MSFT), Facebook parent Meta and Google owner Alphabet (GOOGL) are reportedly implementing hiring freezes.
Investment banking giant Goldman Sachs (GS) has said it won't hire as aggressively in the second half of this year. Ford (F) is rumored to be announcing job cuts soon. Tesla (TSLA) already has done so. Victoria's Secret laid off workers earlier this month, as did Twitter. Meme stock phenomenon GameStop (GME) is also looking to cut staff.
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