Twitter, Snap and other tech companies have had to lay people off or hire less. They say they're not sure about their growth prospects; Wall Street isn't either. These cost cutting measures are also sort of emotional, cultural resets as well says CNN Tech's Jarrett Bellini.
Mark Zuckerberg fired 11,000 employees at Meta. Elon Musk axed half his staff at Twitter. Other tech giants are slashing jobs and eliminating perks, too. Recode’s Peter Kafka says the era of big tech growth is over.
This episode was produced by Amanda Lewellyn, edited and fact-checked by Matt Collette, engineered by Paul Robert Mounsey, and hosted by Noel King.
Transcript at vox.com/todayexplained
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