© 2023 All Rights reserved WUSF
Play Live Radio
Next Up:
0:00
0:00
Available On Air Stations

Is the tech rout over or is it just getting started?

Last week, Meta, Facebook’s parent company, announced it was axing 11,000 staff jobs, its first major raft of layoffs since the company came into existence. Meta is just one of over 700 tech companies to slash jobs in an industry that for well over a decade has seemed immune to such problems.

Here & Now‘s Eric Westervelt speaks to CBS business analyst Jill Schlesinger about what’s happening and what could be next.

This article was originally published on WBUR.org.

Copyright 2022 NPR. To see more, visit https://www.npr.org.

Tags
WUSF 89.7 depends on donors for the funding it takes to provide you the most trusted source of news and information here in town, across our state, and around the world. Support WUSF now by giving monthly, or make a one-time donation online.