How Layoff News Is Hiding a Hot Job Market
Companies like Meta and Twitter have said that they will be cutting jobs. Google and Amazon have announced that they are putting a freeze on any new hiring. Are tech layoffs a sign of things to come across other sectors? Is this the opening bell for the bad news on the economy that many have been bracing for? Guest: Jeanna Smialek, a correspondent covering the Federal Reserve and economy for The New York Times. Background reading: President Biden is celebrating a jobs engine that is running hot; Federal Reserve officials want to see more signs of slowing growth amid their campaign to tame inflation. For more information on today’s episode, visit nytimes.com/thedaily . Transcripts of each episode will be made available by the next workday.
Companies like Meta and Twitter have said that they will be cutting jobs. Google and Amazon have announced that they are putting a freeze on any new hiring.
Are tech layoffs a sign of things to come across other sectors? Is this the opening bell for the bad news on the economy that many have been bracing for?
Guest: Jeanna Smialek, a correspondent covering the Federal Reserve and economy for The New York Times.
Background reading:
- President Biden is celebrating a jobs engine that is running hot; Federal Reserve officials want to see more signs of slowing growth amid their campaign to tame inflation.
For more information on today’s episode, visit
. Transcripts of each episode will be made available by the next workday.
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