More corporate layoffs have hit headlines this week, from a Bloomberg report that another large round of layoffs will be carried out at Meta before founder Mark Zukerberg goes on parental leave, to GM's announcement that it is encouraging most of its white-collar employees to take a payout to walk away,
Cheddar News Senior Reporter Michelle Castillo explains why some of America's biggest hirers are now becoming the country's biggest firers.
The number of Americans applying for unemployment benefits fell sharply last week, a sign that U.S. job market remains resilient despite higher interest rates.
