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Are tech layoffs the canary in the US jobs market?

Posted on AllSides January 23rd, 2023
From The Right
ROBYN BECK/AFP via Getty Images
ANALYSIS

The tech industry is laying off workers at an alarming pace as it braces for a potential recession, raising fears that widespread job losses could spill into the broader U.S. economy.

Despite still-solid job growth and high wages in many industries, Big Tech is battening down the hatches amid a darkening economic outlook for the industry. 

Alphabet Inc., Google's parent company, became the latest technology company to reduce its workforce, announcing on Friday that it plans to cut 12,000 jobs, or about 6% of its workforce. It amounts to one...

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https://www.foxbusiness.com/economy/are-tech-layoffs-canary-us-jobs-market

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