PayPal to cut 2,000 workers; Southwest Airlines to spend on modernization: The National Observer Feb. 1, 2023

We've talked a lot lately about expectations around the recession. As large tech companies look to bring down costs via high-profile layoffs (like those in today's top story about PayPal), smaller companies are starting to worry that a lack of access to capital could bring even some of the most promising startups to their knees for distressed acquisitions.