From the New York Times, I'm Sabrina Tavernici, and this is The Daily.

American tech companies are slashing jobs dramatically, raising worries about a broader ripple effect.

I spoke to my colleague, Gina Smilik, about what's going on in the job market,

and what it tells us about this very strange time in the US economy.

It's Monday, December 12th.

Gina, hi.

Hi.

So you are our resident expert on the US economy, and we are very, very happy to have you back on the show.

Hopefully you're happy to be here.

I am happy to be here.

Thank you for having me.

Okay.

So we here at The Daily have been noticing lots of news about layoffs in the tech sector.

You know, companies like Mehta and Twitter said they'd be cutting jobs.

Google and Amazon have announced they're putting a freeze on an in-new hiring.

So my first question for you is this.

Are tech layoffs a sign of things to come?

Like, are they the opening bell of the bad news we've all been bracing for in the economy?

So in a word, I would say no.

Okay.

The tech sector is, you know, clearly something worth watching, but it's a pretty unique part of our economy,

and it's a very small one.

...