Vox media announced in a memo to staff that it will cut 7% of its workforce. There are about 165 million people in the workforce; this is nothing, says CNN's John Sutter. This sounds like a real contrast to say the last time we had a serious economic downturn not counting the pandemic. Some businesses don't want to lay people off because they remember how hard it was to hire back.
Wealthy companies like Google and Microsoft are announcing unprecedented layoffs — all while the economy is trending in the right direction. Vox’s Emily Stewart explains.
This episode was produced by Miles Bryan, edited by Matt Collette, fact-checked by Laura Bullard, engineered by Paul Robert Mounsey, and hosted by Sean Rameswaram.
Transcript at vox.com/todayexplained
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