Big Tech Layoffs: The Madness of Capitalism.

GDP growth was stronger than expected. Unemployment remains historically low. Supply chain issues continue to work themselves out. China is entering a period of strong projected growth. The Fed has even signaled that it will slow the pace of interest rate increases. And yet, the tech sector is laying people off like you read about? What’s behind the doom and gloom in Silicon Valley and some areas on Wall Street? We look into the recent spate of mass layoffs and try to square the tech industry narrative with real economic facts on the ground. But we begin with an update from Max on what’s in the works and behind our recent slowdown in episodes.

Chapters

Intro: 00:00:53

Section One: 00:06:26

Section Two: 00:09:39

Section Three: 00:11:25

Section Four: 00:17:02

Outro: 00:19:30

Resources

BNN Bloomberg: San Francisco Mayor Warns of Budget Deficit as Remote Work Hits Revenue

The New York Times: Laid Off in Your Living Room: The Chaos of Remote Job Cuts

Bloomberg: Big Tech Layoffs Are Hitting Diversity and Inclusion Jobs Hard

Forbes: For Laid-Off Tech Workers On H-1B Visas, There Aren’t Enough Jobs To Go Around

The New York Times: For Tech Companies, Years of Easy Money Yield to Hard Times

NPR: 5 takeaways from the massive layoffs hitting Big Tech right now

The New York Times: How Tech Won the Pandemic and Now May Never Lose

Yale University: The Silicon Valley Syndrome

Fast Company: These types of tech workers are most likely to get laid off

Mark Zuckerberg on Facebook

The New York Times: ‘A Perfect Positive Storm’: Bonkers Dollars for Big Tech

Forbes: Spotify, Alphabet And Meta Lead Tech Stock Surge After Massive Layoff Announcements

Fast Company: Wall Street layoffs continue across the board. Here’s the latest. 

Forbes: Goldman Sachs And Morgan Stanley Both Miss Earnings Estimates As Mixed Banking Results Continue

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