All of the tech giants have been coming out with thousands and thousands of layoffs. The question is, do they know something that the rest of the economy does it? Are they kind of the leading edge here of a broader slowdown in the labor market and in the economy? Goldman Sachs economics team took a look at what's prompting this.
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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