February 13, 2023· 54 min

What Happens Now to All the Laid Off Tech Workers?

Patrick McKenzie

Orality

Model

50%

Speaker Breakdown

HostJoe Weisenthal(2,117 words)

M:93%

HostTracy Alloway(1,090 words)

M:29%

GuestPatrick McKenzie(6,627 words)

M:27%

Oral Indicators

Agonistic33%

literally, completely, obviously

Engagement55%

you, our, your

Memory Aids100%

listen, now, like

Repetition100%

like (208x), know (75x), people (75x)

Parallelism91%

And I'm Tracy Alloway...., So I don't know about you...., But most of the time, after we...

Sound Patterns61%

66 question(s), alliteration: "markets move", alliteration: "barclays brief"

Formulaic Phrases6%

at the end of the day, you know what, i mean

Literate Indicators

Hedging9%

maybe, might, could

Passive Voice10%

was soaked, be sustained, were when

Abstract Nouns15%

investment, recommendation, question

Subordination7%

because, while, since

Sentence Length54%

Avg: 18.6 words/sentence

Word Complexity48%

investment, analyze, anticipate

Academic Markers0%

Impersonal Style45%

596 personal pronouns found

Descriptive Style100%

literally, completely, usually

Description

The US labor market looks rock solid. The unemployment rate is at its lowest level in 50 years, while layoffs continue to trend downward. But there's one glaring exception and that's the tech industry. Nearly every major tech company has announced layoffs in the last few months, which is exactly the opposite of how things played out over the last decade, when the sector was a bright spot in an otherwise sluggish job market. So what's going on? Why now? Who is getting cut? And will these tech workers quickly find new jobs? Can they apply their skills to the burgeoning AI space? On this episode of the podcast, we bring back Patrick McKenzie, the author of the Bits About Money newsletter, who previously worked at Stripe for six years. He talks about the current trends in tech employment and why it's still a good idea to become an engineer. See omnystudio.com/listener for privacy information.

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