US layoffs: Amidst over 200,000 job cuts in the tech sector, concerns grow over a potential ripple effect on other industries, indicating a looming risk of recession as layoffs could result in an additional 1.6 million job losses in retail and financial services." name="description">window.pageLoadStarted = (new Date()).getTime(). Google's latest workforce reductions have added to a growing wave of technology layoffs in the US, but the bigger concern is whether job cuts will.