Why Are So Many Tech Companies Laying Off Staff?

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Fears about the economy have been compounded recently as dozens of tech companies announce that they are cutting jobs. Coinbase, Redfin, Tesla, Stitch Fix, Robinhood, and Peloton…  lay-offs for all of these have added a lot of fear and uncertainty for both employees and the wider market.

Are job cuts just part of the wider economic environment, or are they red flags for the companies involved? 

In this episode, we also chat about:

• The crypto crash and how it might affect the stock market.
   
• And the perfect stock investment to weather current market volatility
   
• Plus, you can also check out Mike's full First Look on Zoetis here. 

 

More reading from today's show:

 

• The Buy Now, Pay Later sandwich!

• More on Redfin, Coinbase, and  Tesla job cuts.
   
• Anne Marie's article on how the crypto crash might affect the economy. 
   
• Scott Galloway's piece on the importance of trust in the financial industry. 
   
• Anne Marie's stock pick to counter current volatility — Markel. 



 
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