Wait, Layoffs and Job Growth? What’s Going on With the Economy and Is Recession Still Coming?
Los Angeles TimesMixed signals — including layoffs, strong job growth and lingering inflation — have clouded the U.S. economic outlook.
Read when you’ve got time to spare.
These are precarious times for technology workers, with every day seeming to bring fresh news of dramatic job cuts at companies that once seemed untouchable. Amazon, Alphabet, Meta, Microsoft and more have all slashed tens of thousands of roles in recent weeks. But at the same time, the United States’ January jobs report showed shockingly robust hiring growth overall, defying fears that the country is teetering on the brink of a recession. So, what’s happening exactly? Read on for the download on Silicon Valley’s winter of discontent and how it fits into the story of the economy at large.
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Mixed signals — including layoffs, strong job growth and lingering inflation — have clouded the U.S. economic outlook.
The good news is that there are still many open jobs for these workers, not only within the tech industry but also, increasingly, outside of it.
The latest job numbers suggest there’s no recession in sight.
Tech is increasingly divorced from the real economy thanks to the COVID hangover and Apple’s App Tracking Transparency.
Dispatches from a defensive crouch.
Bonus Read: A Practical Guide to Getting Laid Off by Allie Volpe in Vox.
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