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.

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Young white male tech worker wiping tears from his face with bundles of cash