What’s behind the job cuts in Big Tech?
Behind the Money
Topher Forhecz
4.4 • 350 Ratings
🗓️ 1 February 2023
⏱️ 21 minutes
🧾️ Download transcript
Summary
Several Big Tech companies have recently announced job cuts - and they pinned their decisions on a pandemic-induced hiring spree. But is that actually what’s driving the cuts? We sat down with the FT’s US financial commentator Robert Armstrong to get the full picture.
Clips from Reuters, MSNBC, Yahoo Finance
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BTM listeners, we want to know what you think of the show and what you want to hear more of. Visit ft.com/btmsurvey to submit your feedback.
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For further reading:
Bye-bye massages and free food: Big Tech cuts back perks
The shock of mass lay-offs is only the beginning for companies
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On Twitter, follow Robert Armstrong (@rbrtmstrng) and Michela Tindera (@mtindera07)
Read a transcript of this episode on FT.com
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Transcript
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| 0:00.0 | Am I missing anything? Is this the right decision? |
| 0:02.0 | Can I show this data? |
| 0:04.0 | Am I too late? |
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| 0:26.6 | Visit clarity. |
| 0:28.0 | AI and take action today. |
| 0:30.8 | Hey everyone, before we start today's episode, we at the FT want to hear from you, and we want to know what you'd like to hear more of. |
| 0:39.0 | So to help us understand that, we're running a survey that you can find online at |
| 0:43.6 | F.T.com slash B.T survey that's F.com slash B.T. survey. There's also a |
| 0:50.9 | link in our show notes. The survey takes around 10 minutes to complete and if you fill it out, |
| 0:55.0 | you'll have the chance to win a pair of Bo's quiet comfort earbuds. |
| 1:00.0 | What better way to listen to behind the money? |
| 1:02.0 | Thanks everybody. Now, let's get on with the show. What better way to listen to behind the money? |
| 1:02.5 | Thanks everybody. |
| 1:03.4 | Now, let's get on with the show. |
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