These gloomy big tech hiring headlines are what the Fed wants to see 😈
Reading between the lines of this week's Apple, Google, and Microsoft headlines 💻
Mega-cap tech companies are responding to the economic slowdown by tweaking their hiring plans.
Here are some headlines from this past week:
Apple to Slow Hiring and Spending for Some Teams Next Year - Bloomberg
Google Announces Hiring Pause - The Information
Microsoft Cuts Many Open Job Listings in Weakening Economy - Bloomberg
On Thursday, Snap announced “a substantially reduced rate of hiring“ as part of its plan to improve profitability. (H/T Myles Udland)
If you look carefully, you’ll see something important missing in these reports and announcements.
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