In this episode, we will be discussing the recent wave of layoffs in the technology industry and the possible causes behind it. As the economic landscape continues to shift, many companies in the tech sector have been forced to make difficult decisions, including layoffs. But what exactly is causing this downturn?
We will be examining the characteristics of a recession and how they may be affecting the tech industry. From high interest rates and inflation to shrinking real wages and a loss of consumer confidence, we will explore the various factors that contribute to an economic slowdown.
We will also delve into the National Bureau of Economic Research's (NBER) definition of a recession and the various indicators they use to make their determination. We'll also discuss the NBER's recent findings on GDP growth and unemployment rates, and how these factors may be impacting the tech industry.
Join us as we explore the current economic climate and the reasons behind the tech industry's struggles, and what it may mean for the future.
