What Next TBD: The End of the Tech Boom

Slate Technology

Slate

Society & Culture, Technology, History

4.6 • 636 Ratings

🗓️ 20 November 2022

⏱️ 29 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

After decades as America’s booming industry, tens of thousands of tech workers have been laid off in November alone. Is the venture-capital, low-interest-rate wind leaving the sails temporary or is this the end of the hunt for “the next big thing?” Guest: Timothy B. Lee, reporter for Full Stack Economics covering labor markets, technology, and housing. Host: Lizzie O’Leary If you enjoy this show, please consider signing up for Slate Plus. Slate Plus members get benefits like zero ads on any Slate podcast, bonus episodes of shows like Slow Burn and Dear Prudence—and you’ll be supporting the work we do here on What Next TBD. Sign up now at slate.com/whatnextplus to help support our work. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	I made you think you was real.
0:02.0	My name is Caden Sinclair.
0:04.0	Some people call us American royalty.
0:06.0	We were Liars.
0:08.0	A new series on Prime Video.
0:10.0	We were happy. We wanted for nothing.
0:12.0	Based on the best-selling novel.
0:15.0	Something terrible happened last summer,
0:17.0	and I have no memory of what or who hurt me.
0:20.0	No one in my family will tell me.
0:22.7	When you're left for dead, you want answers. We were liars. New series, watch now, only on Prime
0:29.2	video. On the morning that Julia got laid off, she walked out of the gym and checked her email.
0:39.3	The actual day, I went to my gym. I come out of the gym. It's like 8.30 in the morning. I've just come out of Pilates class. I just checked my phone as I do. And it's like, Stripe, HR, your rule at Stripe.
0:53.7	That's not a note anyone wants to get, and it was a shock.
0:57.6	There were no rumor mill.
0:59.1	There was no, there was nothing.
1:02.0	Like, I'm telling you, I've been in companies, you know, there usually is some sort of water
1:07.0	quote, like this was stealth, absolute stealth.
1:11.6	Julia, by the way, is not her real name.
1:14.1	But that's what we're calling her today.
1:16.2	She knows her way around tech.
1:17.8	She's worked at a bunch of the big name companies, including Amazon and Microsoft.
	...

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