World Model · podcast knowledge graph

What Happens Now to All the Laid Off Tech Workers?

2023-02-13 · 54 min · 12 entities

episode page audio

Asserted relationships

  • → discusses Business concept
    0.40
    evidence rules-v4
    Feed category: Business
  • → discusses News concept
    0.40
    evidence rules-v4
    Feed category: News
  • → discusses Investing concept
    0.40
    evidence rules-v4
    Feed category: Investing
  • → discusses News Commentary concept
    0.40
    evidence rules-v4
    Feed category: News Commentary
  • → hosted by Bloomberg company
    0.40
    evidence rules-v4
    Feed author/publisher: Bloomberg
  • → discusses Business News concept
    0.40
    evidence rules-v4
    Feed category: Business News

Entities found in this episode

concepts 9

  • mentioned Business concept
    0.50
    evidence rules-v4
    Feed category: Business
  • mentioned Investing concept
    0.50
    evidence rules-v4
    Feed category: Investing
  • mentioned News Commentary concept
    0.50
    evidence rules-v4
    Feed category: News Commentary
  • mentioned Business News concept
    0.50
    evidence rules-v4
    Feed category: Business News
  • discusses Business concept
    0.40
    evidence rules-v4
    Feed category: Business
  • discusses News concept
    0.40
    evidence rules-v4
    Feed category: News
  • discusses Investing concept
    0.40
    evidence rules-v4
    Feed category: Investing
  • discusses News Commentary concept
    0.40
    evidence rules-v4
    Feed category: News Commentary
  • discusses Business News concept
    0.40
    evidence rules-v4
    Feed category: Business News

companys 2

  • mentioned Bloomberg company
    0.70
    evidence rules-v4
    Feed author/publisher: Bloomberg
  • hosted by Bloomberg company
    0.40
    evidence rules-v4
    Feed author/publisher: Bloomberg

books 1

Episode description as stored
The US labor market looks rock solid. The unemployment rate is at its lowest level in 50 years, while layoffs continue to trend downward. But there's one glaring exception and that's the tech industry. Nearly every major tech company has announced layoffs in the last few months, which is exactly the opposite of how things played out over the last decade, when the sector was a bright spot in an otherwise sluggish job market. So what's going on? Why now? Who is getting cut? And will these tech workers quickly find new jobs? Can they apply their skills to the burgeoning AI space? On this episode of the podcast, we bring back Patrick McKenzie, the author of the Bits About Money newsletter, who previously worked at Stripe for six years. He talks about the current trends in tech employment and why it's still a good idea to become an engineer. See omnystudio.com/listener for privacy information.