Tech's 'Mass extinction event' 01/25/24
TechCheck
CNBC
4.5 • 66 Ratings
🗓️ 25 January 2024
⏱️ 17 minutes
🧾️ Download transcript
Summary
Transcript
Click on a timestamp to play from that location
| 0:00.0 | The brutal year for tech workers continues more layoffs this time at Microsoft's gaming unit, |
| 0:05.2 | but what about startups? Will they face a mass extinction event this year? It's Thursday, January 25th. |
| 0:15.0 | It's Thursday, January 25th. |
| 0:17.0 | Welcome to the Tech Check Podcast. |
| 0:18.0 | I'm Deerejubosa with Mark Gilbert. |
| 0:20.0 | Hey Mark. |
| 0:21.0 | Hello, good morning, D. |
| 0:22.4 | The latest layoffs, Microsoft is cutting 1,900 workers in its gaming unit post-closing its acquisition |
| 0:29.5 | of Activision Blizzard. |
| 0:31.2 | We have got layoffs this week, at eBay, Wayfair, thousands at European |
| 0:36.0 | Enterprise software company SAP that we didn't really talk about. I mean that's |
| 0:40.6 | just sort of piles on to all the layoffs that we've seen so far this week right yeah that was this week that we've seen this year at Google and Amazon right waves at Google as we talked about there was a cut at Amazon I mean there's a list if you |
| 0:56.0 | go to this like layoff website that tracks them all it's just been so brutal do a |
| 1:01.8 | lingo rent the runway, eBay, but even outside of tech, right? Black |
| 1:05.8 | Rock, Citigroup, it's just been a really rough start to 2024. So we've been kind of |
| 1:11.2 | wondering, like what does it mean for startups because those are the companies |
| 1:14.1 | mostly that you hear about but it's startups it kind of happens behind the scenes a little more and |
| 1:20.1 | kind of got an answer talking to someone this morning who says it's even worse. |
| 1:25.0 | And some of those cuts have come out into the public, like Brex recently cutting a fifth of its |
| 1:29.4 | workforce discord, cut 17%. |
| 1:32.1 | And remember, too, that Brex has been you know such a |
| 1:34.4 | darling of tech of Silicon Valley. So I sat down this morning with VC and |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from CNBC, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of CNBC and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.

