Big Tech layoffs – a meltdown or course correction? Harvard Prof Ranjay Gulati explains

“There has been a bit of a reshuffling from Big Tech to small tech, right sizing of support functions. so there is a lot more to the story than just laying off 15,000 engineers who have nothing to do now. It is a more complicated story but no question that for those who are wondering if we are going to have a recession ahead, this could be a bellwether to what lies ahead. ”

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