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Why hiring is booming, but tech layoffs are dominating the headlines.
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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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