There were fewer layoffs than usual for January, and that's why the seasonally adjusted number jumped up. That adds to the idea that people are hoarding workers. Tech companies really went on a hiring binge during the pandemic,. There's still a lot of ground to be made up in leisure and hospitality category.
Bloomberg News Senior Editor Chris Anstey explains what layoffs in the technology industry mean for the broader US labor market. Bloomberg Businessweek Editor Joel Weber and Bloomberg News Senior Deals Reporter Ed Hammond provide the details of Ed's Businessweek Magazine story Activist Investors Find Big Companies Are Ripe Targets Again. Bloomberg Opinion Senior Columnist Beth Kowitt discusses how artificial intelligence has infiltrated decision-making on hiring, training and evaluations, and now it’s creeping into the layoff process as well. And we Drive to the Close with Sarah Ponczek, Financial Advisor at UBS Private Wealth Management.
Hosts: Carol Massar and Mike Regan. Producer: Paul Brennan.
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