IBM laid off 3,900 employees on Thursday; SAP cut 2,800 workers. Economists are cautioning that moves like this or often a canary in the coal mine and warn of an ominous outlook for the economy more broadly. The Biden administration launches an effort to diversify neighborhoods. Critics say the plan is an example of federal overreach and could be counterproductive.
As the Fed continues trying to tame inflation, tech companies are laying off workers, The Biden administration is reviving an Obama-era policy, and whistleblower levels new claims against the FBI and its director. Get the facts first on Morning Wire.
Epic Will: Epic Will "Get 10% OFF your Will! Use promo code 'WIRE' at EpicWill.com"