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These gloomy big tech hiring headlines are what the Fed wants to see 😈

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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 πŸ’»

Sam Ro, CFA
Jul 22, 2022
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These gloomy big tech hiring headlines are what the Fed wants to see 😈

www.tker.co
(Source: Getty Images)

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 β€œa substantially reduced rate of hiringβ€œ 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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