Layoff Lessons, Gaming Power, & Commanding the Commanders 11/08/22

Squawk Pod

CNBC

Business News, News, Investing, Business

4.2 • 543 Ratings

🗓️ 8 November 2022

⏱️ 32 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Thousands of workers have been laid off across the tech industry, and employees are braced for another blow from Meta. Labor expert and consultant Jason Greer warns workers: if you’re worried, start working from your office. As recession looms and inflation pressures consumers, gaming might be taking a hit; Take-Two Interactive Software, game publisher and owner of Grand Theft Auto and NBA 2K, cited squeezed consumers and flagging demand in its disappointing quarterly results. Chairman and CEO Strauss Zelnick discusses engaged but financially-stressed gamers, a gamer’s expectations of the metaverse, and leisure indicators for the larger economy. Plus, Jeff Bezos, Jay-Z, and now Matthew McConaughey are reportedly exploring a bid to buy the Washington Commanders, and the Tyson Foods CFO is in hot water. And…it’s Election Day–go vote! In this episode: Jason Greer, @LaborDiversity Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Becky Quick @BeckyQuick Katie Kramer, @Kramer_Katie

Transcript

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0:00.0	Bring in show music please.
0:03.0	Hi, I'm C. NBC producer Katie Kramer, today on Squack Pod.
0:08.0	Power to the gamers.
0:11.0	After huge pandemic growth could a recession spoil the fun. The CEO behind games like Grand Theft Auto Strauss-Zelman.
0:18.0	We have a terrific lineup of hit titles in the mobile space, so engagement's great.
0:22.0	Spending is under some pressure in game.
0:26.4	And thousands of jobs in the tech industry have vanished in a matter of days. Jobs pro
0:31.3	Jason Greer on the Fear Factor.
0:33.4	If you are scared that potential you're going to be laid off, get back into the office, protect
0:37.8	yourself, get to know your manager because proximity bias is a real thing.
0:42.1	All right, all right, McConaughey, Jay Z and Bezos, possibly new football owners.
0:48.0	Of course, one big question, if Jeff Bezos were to emerge as the buyer, whether he might even have to sell his ownership stake in Amazon.
0:56.0	Amazon?
0:57.0	Plus nearly $2 billion in a powerful dream.
1:01.0	Shark attack, vending machines, lightning strikes, they're all thousands of times more likely
1:06.0	than you winning this fact on the stupid.
1:08.4	A boy can dream.
1:10.8	It's Tuesday, November 8, 2022. Go vote! It's Tuesday, November 8th, 2022.
1:13.5	Go vote. It's election day.
1:15.3	Squawk Pod begins right now.
1:17.5	Stand Becky by in three, two, one, cue please. Good morning everybody.
1:24.0	Welcome to Squack Box here on C.
	...

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