Layoffs are on the rise across various industries, although the tech industry has taken a huge hit in recent months. Amazon, Alphabet and Microsoft have all recently cut jobs.
The U.S. economy will probably see more job cuts in coming months after a wave of layoffs at Big Tech companies including Google, Microsoft and Twitter.
WeWork announced Thursday that it's cutting hundreds of jobs as it continues to streamline operations and optimize its portfolio amid the uncertain economy environment.
Major companies in a variety of sectors are experiencing massive layoffs in recent months, including cuts at Microsoft, Amazon, Goldman Sachs and Washington Post.