

Club Weekly News
Feb 16 2022
💡 This week’s newsletter will highlight:
“ Lay-Off ” !
Check Out the News!

Newsletter part 2 :
More about Lay-Off
01
Why are Tech Companies Laying Off so Many People?
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Economic uncertainty (external factors) and poor performance (internal factors)
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Shrinking advertising budgets and the cryptocurrency market's implosion are factors that may have influenced the decision to cut headcounts.
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At face value, widespread layoffs in the tech sector might appear to be a bad omen for the wider economy.
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Thankfully, payroll and wage data from the U.S. government have exceeded expectations, and the country’s unemployment rate is close to a half-century low.
02
What Do These Job Cuts Mean for the Economy?
03
So, why the disconnect?
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Tech jobs only account for less than 3% of total employment in America. As well, tech workers who’ve lost their jobs are likely to secure new jobs in short order.
Want a real story?
Check out the video below and listen to what Alex said!
Video Interview:
Reach out to industry Professionals
Interview with Alex -- Software Engineer at Google