Amazon Cutting News Today

>> the first thing to recognize is that most jobs cannot be done remotely. i come on your show occasionally and talk about my mom, an english teacher, not a remote job, 60% you have to go on site. that leaves us roughly 40% that can be done remotely and as you note, those jobs have been in high demand as worker priorities have shifted. theres much stronger desire to have more balance in ones life, shorter commutes, keeping costs down in terms of going into the office and so you see now starting ...

Can get it. thank you so much, pete muntean. lets bring in university of michigan economics professor justin wolfers for his take on all this. great to see you. big banks and economists have been warning about a potential recession. but we keep getting these strong reports. so where are we really? >> well, were not in a recession. we havent been in a recession and things look pretty good right now. unemployment is not far off its 50 haifa year low and every time we talk people keep talking abo...

Well see what happens here. >> matt, whats happening in the rest of the tech strir? >> weve seen this wave of pink slips. roku announcing 200 job cuts. they specifically said current economic conditions, thats on top of lyft cutting 13% of its work force. facebook owners, and amazon cutting 10,000 jobs. so far in november alone, tech companies have announced more than 31,000 job cuts. for context, that is more than double the total announced all year prior to november. it is alarming. its creati...