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Slate Money - Pay Offs & Lay Offs

Slate News

Slate Podcasts

News, Politics, News Commentary

4.56K Ratings

🗓️ 31 May 2025

⏱️ 46 minutes

🧾️ Download transcript

Summary

This week: Felix Salmon left Axios. He, Emily Peck and Elizabeth Spiers discuss the opaque language and politics around parting ways with an employer and the motivation behind giving severance packages. Then, it seems the threat of AI taking over jobs is becoming real as the hosts examine the role state of AI in tech and other industries and its effect on the job market. Finally, major stablecoin issuer Circle is going public. So what is a stablecoin and why do people want them?

In the Slate Plus episode: Donald Trump’s Rococo Share

Want to hear that discussion and hear more Slate Money? Join Slate Plus to unlock weekly bonus episodes. Plus, you’ll access ad-free listening across all your favorite Slate podcasts. You can subscribe directly from the Slate Money show page on Apple Podcasts and Spotify. Or, visit slate.com/moneyplus to get access wherever you listen.

Podcast production by Jessamine Molli and Cheyna Roth.



Hosted on Acast. See acast.com/privacy for more information.

Transcript

Click on a timestamp to play from that location

0:00.0

Hello and welcome to Slate Money, your business and finance news of the week.

0:18.0

I'm Felix Salmon of Kind of Sotomayoraxios. I'll talk about that coming up. I'm joined by

0:23.9

Elizabeth Spires of New York Times and places like that. Hello. I'm joined by Emily Peck of Axios.

0:30.2

Hello, hello. And yeah, we're going to talk about the fact that I'm not actually, as of today,

0:36.2

at Axios anymore.

0:41.6

We're going to talk about all of this craziness in the job market, and especially the way that AI is eating people's jobs, what that means for white-collar employment, and indeed

0:47.2

just employment overall.

0:49.2

We are going to talk about crypto and stable coins and the way that truth social is now becoming a

0:56.4

Bitcoin holding vehicle. We have a Slate Plus segment with Dan Crimack of Axios all about

1:02.4

US Steel, which looks like it's getting bought by Nippon Steel, but no one really knows

1:07.2

for sure. It's all coming up on Sl slate money. So, Emily, this is coming out

1:14.8

on Saturday, which means that as of the date, this is coming out, I am not actually an employee

1:21.8

of Axios. So we won't have that double thing in the beginning where you say, I'm Felix

1:26.2

I'm in Eccas, and this is Emily Peck of Pick of Axios. That's over. That's all that matters. Yeah, that's basically

1:32.6

the main problem. We will find the solution, and that's all there is to talk about, right?

1:35.6

No, Felix, it's time. So you need to talk about, you know, what's next. Dude, I don't know

1:41.9

what to ask you what you want to say. So what normally

1:45.7

happens in America when someone leaves a job is that there's this big sort of weird cloud

1:52.6

of opacity around it and everyone's smiling and like, okay, sometimes there are like layoffs

1:58.7

and it's very clear what's happened. And sometimes someone is like very visibly fired for course and it's very clear what's happened. And sometimes someone

2:01.0

is like very visibly biared for cause and it's very clear what's happened. But once you reach a

2:05.4

certain level, most of the time it's kind of ambiguous. You're never quite sure what happened

...

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