Google is laying off 12,000 workers, following a downsizing trend across the tech sector. See potential bias and similarities in coverage from FoxBusiness, CNBC, and AP:
The consensus across the spectrum is that tech companies grew rapidly to meet a pandemic-era demand that has since subsided for digital products and services. There is less consensus on what conclusions should be drawn regarding the state of the economy at large.
A Fox Business article cited “staggering” tech layoffs as well as layoffs inand media to contrast White House statements voicing optimism on the economy. A CNBC article cited a decline in digital advertising revenue and inflation as the cause of the tech layoffs, stating tech companies are slimming down out of “fears of a possible recession next year.
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