Wall Street's been saying, hell no to tech for much of this year. It's a huge reversal from the last couple years. During the pandemic, in particular, when it looked like we were going to be working from home forever, investors plowed money into anything tech related. So Peter Wall Street says, uh-uh, Zuckerberg. This ain't going to work for us.
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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