The iPhone is 15 years old. Google's main search ad business is 20 years old. A lot of these things are still very big, very profitable, but they're not going to grow like gangbusters anymore. These big tech companies were disruptors and now they're kind of the big established giants.
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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