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Big Tech layoffs are a dystopian labor market fiction

Big Tech layoffs are a dystopian labor market fiction

NEW YORK, Nov 18 (Reuters Breakingviews) – Layoffs at tech giants such as Twitter, Amazon.com (AMZN.O) and Meta Platforms (META.O) mark the first large-scale job cuts since the beginning of 2020. After years of falling unemployment in the United States, it might seem that Silicon Valley foreshadows the start of a dystopian future for workers. …

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Breakingviews: Xi's contract with China needs more signatures

Breakingviews: Xi’s contract with China needs more signatures

HONG KONG, Oct 23 (Reuters Breakingviews) – Xi Jinping effectively secured a third presidential term at the just-concluded Chinese Communist Party conclave. Its price: a $16 trillion economy in a vulnerable state, dependent on American technology and facing a demographic crisis. Xi also faces popular resentment for the economic pain his draconian policies have caused …

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