As the holiday season draws near—and companies face lower consumer confidence and greater fears of a recession—many employers are laying off workers. The technology sector has been particularly hard hit, with thousands laid off from Meta, Stripe and Twitter. HR has been in the crosshairs as well, reportedly in expected layoffs at Amazon. In addition, layoffs are spreading beyond technology, such as to the Walt Disney Company. We've gathered articles on the news from SHRM Online and other media outlets.

Expected Layoffs at Amazon Reportedly Will Cut HR

Amazon reportedly will cut approximately 10,000 jobs, reducing HR, the company's devices organization and retail division. The total number of layoffs at the company remains in flux. But if the figure stays around 10,000, that would be approximately 3 percent of Amazon's corporate employees and fewer than 1 percent of its global workforce of more than 1.5 million.

The layoffs during the holiday shopping season reflect how quickly the souring global economy has pressured Amazon to cut costs.

Meta Lays Off More than 11,000 Workers

Meta downsized by more than 11,000 employees, or 13 percent of its workforce, on Nov. 9. CEO Mark Zuckerberg said the company grew too quickly during the pandemic, when a surge in online commerce lifted many tech companies. The cuts may also be due to the billions Meta has invested in the metaverse when the company was already struggling financially.

Nearly half of the jobs Meta eliminated were...

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