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 -- If you like the pod version of #UNFTR, make sure to check out the video version on YouTube where Max shows his beautiful face! www.youtube.com/@UNFTR Please leave us a rating and review on Apple Podcasts: unftr.com/rate and follow us on Facebook, Twitter and Instagram at @UNFTRpod. Visit us online at unftr.com. Join the Unf*cker-run Facebook group: facebook.com/groups/2051537518349565 Buy yourself some Unf*cking Coffee at shop.unftr.com. Subscribe to Unf*cking The Republic on Substack at unftr.substack.com to get the essays these episode are framed around sent to your inbox every week. Check out the UNFTR Pod Love playlist on Spotify: spoti.fi/3yzIlUP. Visit our bookshop.org page at bookshop.org/shop/UNFTRpod to find the full UNFTR book list, and find book recommendations from our Unf*ckers at bookshop.org/lists/unf-cker-book-recommendations. Access the UNFTR Musicless feed by following the instructions at unftr.com/accessibility. Unf*cking the Republic is produced by 99 and engineered by Manny Faces Media (mannyfacesmedia.com). Original music is by Tom McGovern (tommcgovern.com). The show is written and hosted by Max and distributed by 99. Podcast art description: Image of the US Constitution ripped in the middle revealing white text on a blue background that says, "Unf*cking the Republic."Support the show: https://www.unftr.com/membershipsSee omnystudio.com/listener for privacy information.