Tech’s Troubles: Intel, TikTok, Layoffs, & MSG Security 01/27/23

Squawk Pod

CNBC

News, Business News, Business, Investing

4.2 • 543 Ratings

🗓️ 27 January 2023

⏱️ 34 minutes

🔗️ Recording | iTunes | RSS

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Summary

Universities and the U.S. government have heightened scrutiny on TikTok, exploring bans of the China-based app. Foreign affairs columnist for The New York Times Tom Friedman discusses the risks of TikTok and other social media, and how the U.S. should handle its relationship with China. As layoffs across tech pile up, Jason Greer, Greer Consulting founder and president, and Jessica Kriegel, chief scientist of workplace culture at Culture Partners, discuss the executive strategy of job cuts, as well as the overall job market. Plus, Chipotle’s hiring, Intel reported a dismal quarter, and facial recognition software at Madison Square Garden has raised alarm bells for many. In this episode: Jason Greer, @LaborDiversity Jessica Kriegel, @jessica_kriegel Tom Friedman, @tomfriedman Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin 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 Squawk Pod.
0:08.0	Stop scrolling!
0:11.0	Is Tik-Tock really a risk to national security?
0:14.2	New York Times columnist Tom Friedman.
0:16.3	Are we going to ban any Chinese company?
0:19.2	I'm much more worried about, frankly, Facebook
0:21.4	than I have about Tik-Dok today, and the information Facebook has, how it was used to hack one of our
0:26.3	elections.
0:27.3	Layoffs, thousands of jobs cut, career consultant Jason Greer.
0:32.4	For tech companies, they really don't care about layoffs because it's still about the business,
0:36.7	it's still about the money.
0:38.8	Recession talk, Intel's dismal quarter, and the aftershocks of Chevron's massive stock buyback lead
0:44.8	our Joe Kernan and Andrew Ross Sorkin to question, well everything.
0:49.3	If the singularity is coming now in only seven years and we're going to... Okay because I don't believe the singularity is coming now in only seven years and we're gonna... Okay because I don't believe
0:53.8	the singularity is coming in seven years. Why not? And last call? The owner of the
0:58.7	New York Knicks, Rangers, and Madison Square Garden, James, the only one Dolan.
1:04.3	Threatens to close the bar after a dust up
1:07.0	about facial recognition tech at venues.
1:09.6	If you were the government, let's take China, the CCP.
1:12.4	This is the CCP. The CCP is. for the government let's take China the c c c c c c c c c c c c c is at 34 street
1:17.0	it's friday january twenty seventh squawk pod begins right now
	...

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