Big tech is less exciting, less dynamic than it used to be. These big tech companies were disruptors and now they're kind of the big established giants. A lot of these companies are just simply old. They're old and it's harder to get Wall Street excited about the future when you're old.
Mark Zuckerberg fired 11,000 employees at Meta. Elon Musk axed half his staff at Twitter. Other tech giants are slashing jobs and eliminating perks, too. Recode’s Peter Kafka says the era of big tech growth is over.
This episode was produced by Amanda Lewellyn, edited and fact-checked by Matt Collette, engineered by Paul Robert Mounsey, and hosted by Noel King.
Transcript at vox.com/todayexplained
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