Big Tech Layoffs: The Madness of Capitalism.
Unf*cking The Republic
UNFTR Media
4.9 • 683 Ratings
🗓️ 4 February 2023
⏱️ 20 minutes
🧾️ Download transcript
Summary
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
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
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Transcript
Click on a timestamp to play from that location
| 0:00.0 | Listen to us talk, we're a world renowns, download our podcast, where you will consume all the doom and gloom from 99 and max. |
| 0:20.4 | Many sound design |
| 0:22.4 | always inspires to your heart's desire |
| 0:26.4 | hey man you know there's nothing that we lack |
| 0:29.5 | past your ears and to your mind through the heart |
| 0:32.8 | all the facts |
| 0:34.7 | on your podcasting app comes a basic white man with a rusty microphone in his red right |
| 0:44.7 | hand. |
| 0:49.6 | Hey, unfuckers. It's your boy, Max. |
| 0:56.8 | Before we dig into today's episode, I wanted to fill you in on what's going on with the full unfuckings. |
| 1:02.6 | For anyone checking out our YouTube channel, today's episode is already laid out in video format |
| 1:06.9 | because it was a timely episode on what's going on with the big tech layoffs. |
| 1:11.2 | I wanted to release them simultaneously, but I had a few production hiccups and was set back a bit. |
| 1:16.8 | Now, with respect to the full-on fuckings, I'm obviously behind on our schedule, and I wanted to |
| 1:21.2 | apologize for that. There's two reasons for the delay. The first is the incredible learning |
| 1:26.4 | curve with video production. I'm loving every minute of it, but it's a challenge for the delay. The first is the incredible learning curve with video production. I'm loving |
| 1:29.0 | every minute of it, but it's a challenge for this old-ass brain. Anyway, I think I'm getting the |
| 1:34.4 | hang of it. But the bigger issue has actually been with the upcoming two-part episode that's in the |
| 1:39.0 | works. I can confidently say that the first one will indeed drop next week and we'll be recording |
| 1:43.8 | part two at the same time, so we'll be on track for the week after. |
| 1:47.7 | Now the reason it's taken me so long is that I've actually grown emotionally attached |
| 1:51.6 | to the subject matter. |
... |
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