Why Big Tech's Jobs Bubble Burst. Plus, SBF's Scandal Deepens.
Plain English with Derek Thompson
00:00
The Paradox of Layoffs and Low Unemployment in Tech
This chapter examines the recent wave of layoffs in major tech companies, resulting in over 130,000 job losses despite a low national unemployment rate. It contrasts the pandemic-fueled growth of the tech sector with the current market corrections and discusses the misjudgment of future demand that led to overhiring.
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