7 Companies Laying Off Thousands of Workers

Laid off worker
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The nation is bracing for recession. The Federal Reserve continues to steadily raise its federal funds rate in an attempt to kill inflation, and many experts fear an economic downturn will be an unfortunate side effect of that campaign.

CEOs of major companies are especially worried that the economy will contract soon. A staggering 86% of chief executives polled in October forecast a recession in 2023. And they are wasting no time getting ready for hard times.

At least seven big companies recently have announced layoffs of 1,000 employees or more. Some of these companies are trying to restructure, while others appear to be getting lean and mean before a downturn potentially arrives.

Following is a roll call of the firms slimming their workforces.

Amazon

Amazon Prime van
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Amazon recently notified staff that the company plans to lay off around 10,000 employees. The

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9 Ways to Screw Up a Job Search When You’re 50 or Older

Older woman covering her mouth because she made a mistake during an online job interview for remote work on her laptop
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Millions of Americans are job hunting during their 50s, 60s and beyond. Some of these seniors are looking for a job because they love to work. Others are sending out resumes for reasons ranging from pink slips to financial need.

Seniors can be attractive job candidates. Many potential employers value older workers for their experience and work ethic, and for the stability they bring to the workplace. But if you hope to land a job after 50, you must avoid some key mistakes.

Here are some crucial errors that can derail the job search of anyone who has passed the half-century mark.

1. Forgetting to edit your resume

Resume
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Today’s businesses get an avalanche of resumes every time they post a job opening. Computer programs may first scan these and weed out the ones deemed lost causes. The survivors then go to a hiring

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How to Reach for Financial Freedom with House Hacking

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What if you could live in your home while someone else pays the mortgage? That’s the idea behind house hacking.

House hacking refers to living in a home or multi-unit property while renting out part of it. Dedicated house hackers say it’s a great way to lay the foundation for a real estate empire—one that can catapult you to financial freedom. But will it work for you?

That’s what we’re exploring in this week’s podcast.

As usual, host Stacy Johnson is joined by financial journalist Miranda Marquit. Listening in and sometimes contributing is producer Aaron Freeman. This week’s guest is Robert Leonard, the author of “The Everything Guide to House Hacking.”

Remember, even though we sometimes talk about specific investments in our podcasts, don’t take them as recommendations. Before investing in

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