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Yahoo Finance's Allie Garfinkle joins the Live show to break down the recent tech layoffs and why this round will differ from others.
Executives at electric car marker Tesla, drug maker Novartis and retailer Bed Bath and Beyond are cutting spending or jobs while others are shelving projects or deals as inflation rages and confidence in the world economy wanes. Manufacturing growth is slowing worldwide as China's COVID-19 curbs and Russia's invasion of Ukraine disrupt supply chains and keep inflation at the highest in years, while the growing risk of a U.S. recession poses a new threat to the global economy. More companies are now taking early action to help them weather any downturn, a preview that more drastic cuts may loom when earnings reports pour in next month.