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Layoffs start to hit more of corporate America moving beyond the tech industry.

You just see a really wide range of corporate actions at this point.

The technology in fact, you know, there still is a very tight labor market in many ways,

but at the same time, some companies overextended themselves and others are having to pull back

in anticipation of slowing them in.

And GDP growth slowed at the end of last year, what it could mean for the Federal Reserve.

Plus, why more high-earning men are spending less time in the boardroom.

It's Thursday, January 26th. I'm Amary for Tolly for the Wall Street Journal.

This is the PM edition of What's News, the top headlines and business stories that moved the world today.

Rising interest rates and high inflation slowed the economy in the final quarter of 2022.

The Commerce Department says US GDP grew at a seasonally adjusted annual rate of 2.9% in the final months of last year,

down slightly from 3.2% the previous quarter.

The pace of consumer spending slowed and business investment grew at a weaker rate.

The US labor market, however, is still strong, with jobless claims near historic lows.

Many economists are still concerned about a possible recession, fearing the Federal Reserve's plan to slow the economy by raising rates

and lead to broad spending cutbacks and job losses.

In just a few minutes, we'll talk more about how layoffs are spreading beyond the tech sector.

Struggling HomeGood's retailer, Bed Bath and Beyond says banks have now cut off its credit lines after it defaulted,

and that it doesn't have the funds to repay them.

...