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.
