Peter Kafka, a Senior correspondent at Recode and host of Recode Media, dives into the turbulent landscape of the tech industry. He discusses recent job cuts, including Meta's massive layoffs, reflecting a stark shift from growth to austerity. Kafka highlights Wall Street's waning optimism and the significant cultural reset within major tech firms. The conversation delves into challenges like privacy concerns, competition for younger audiences, and how companies are navigating economic uncertainty amidst declining stock and profits.