Motley Fool Money

Big Tech Layoffs, Signs of Housing Trouble

Jan 20, 2023
Jurrien Timmer, Director of Global Macro at Fidelity Investments, shares his expertise on market cycles and investment strategies. He discusses the ripple effects of recent layoffs at tech giants like Microsoft and Alphabet, pondering whether Apple will follow suit. Timmer also delves into the housing market's challenges, including soaring cancellation rates, and contrasts differing predictions on interest rates. Listeners gain insights into how these factors could influence consumer spending and investment opportunities.
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INSIGHT

Big Tech Layoff Ripple Effect

  • Big tech layoffs have a ripple effect, impacting not just employees but also related businesses.
  • This effect can spread to office cleaners, food service workers, consultants, and partners.
INSIGHT

Apple's Layoff Situation

  • Apple is the only major tech company that hasn't announced layoffs yet.
  • Their hardware focus and service integration might offer some insulation.
INSIGHT

Housing Market Trouble

  • KB Home's 68% cancellation rate signals trouble in the housing market, impacting related sectors.
  • This high rate, coupled with tech layoffs, may hurt consumer spending.
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