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Think Big Tech’s Thousands of Layoffs Indicate a Coming Recession? Think Again

Amazon is laying off more than 18,000 workers. Salesforce is shedding 8,000, and Twitter has let go thousands more. While we should never minimize the difficulties of people facing an unexpected layoff, these announcements by major tech companies are n…

Amazon is laying off more than 18,000 workers. Salesforce is shedding 8,000, and Twitter has let go thousands more. While we should never minimize the difficulties of people facing an unexpected layoff, these announcements by major tech companies are not a large-scale tragedy for the American economy. What would be very bad news is if More

The post Think Big Tech’s Thousands of Layoffs Indicate a Coming Recession? Think Again appeared first on CounterPunch.org.


This content originally appeared on CounterPunch.org and was authored by Dean Baker.


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» Think Big Tech’s Thousands of Layoffs Indicate a Coming Recession? Think Again | Dean Baker | Radio Free | https://www.radiofree.org/2023/01/17/think-big-techs-thousands-of-layoffs-indicate-a-coming-recession-think-again/ |

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