Morning Brew Daily Small Bizz Leans on Layoffs & Netflix Investors Wary of Warner Bros. Discovery
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Dec 5, 2025 Small businesses faced significant layoffs last month, a stark contrast to larger firms adding jobs. The FIFA World Cup draw is approaching, promising to generate billions and posing logistical challenges. In stock news, American Eagle shines with strong Q3 sales, while Netflix's cash bid for Warner Bros. Discovery raises investor eyebrows amidst regulatory scrutiny. The podcast also touches on Google's trending searches and Meta's cuts in Reality Labs spending, highlighting the ever-evolving landscape of business and tech.
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Small Firms Bearing The Brunt
- Small businesses drove November job losses, cutting 120,000 roles and showing real fragility in the labor market.
- Larger firms added jobs, highlighting a divergence that complicates Fed policy decisions.
Scale Gives Big Firms An Edge
- Small firms (under 50 employees) lost jobs over summer and into October while big firms gained hires.
- Scale gives large firms more flexibility to manage tariffs and supply shocks than small businesses.
Conflicting Labor Signals For The Fed
- Initial unemployment claims fell to a three-year low even as layoffs and ADP losses rose.
- Conflicting signals mean the Fed must weigh mixed data before deciding on rate cuts.
