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biden s mishandling of classified documents. that was the message in a letter sent to house judiciary chairman jim jordan. the committee responded by accusing the doj of being, quote, scared to cooperate with the probe into how sensitive paperwork ended up in the president s home in delaware. in democrats are urging the president to be open about what happened. i want to see complete transparency on how this is handled and brought to the american people. i m convince thursday is no intent by the president to do something that was wrong. reporter: do you think this hurts him political? are you concerned at all? this is a matter that needs to get the president needs to get behind. he has to get all the information out. he has to square it away, make it clear that there was no intent here, that it was kept in a place that did not compromise the national security of america and that there are steps in place today to make sure this does not happen in the future. th ....
The number of layoffs in the secondtor were the sector were the highest since the dot com crash of more than 20 years ago. as a tech historian, put what we re seeing now into context. yeah. well, this is different than the dot com crash. look, there s some similarities then in 2000, 2001 you had rising interest rates, you had macroeconomic conditions that were affecting the flow of capital into the tech market, startups and big companies. there was a lot of froth and hype around certain things. we could say a good parallel to the dot com hype was crypto, which even before the layoffs of recent months was already entering its winter. but i think what s really different is the scale of tech. in 1999 and 2000, the industry was much smaller. it was important and agreeing and exciting, but it was not the thing on which everything else ran. the companies were not as large. ....
Tech companies. for more on this, i m joined by margaret o mara, a university of washington tech historian, and joins me from seattle, washington. thank you so much for being with us. we just heard the reporter there, is the explanation as simple as that? tech companies grew too quickly during the good times? yeah. i mean, it s been a time of really extraordinary growth. particularly the last years, three years of the pandemic when everyone was moving to working at home or many people were moving to work at home and to learn at home and ordering things in from places like amazon and other tech companies. and that stimulated incredible demand that caused the growth of these companies, for them to hire like crazy, and they kind of followed suit. as one company would hire a lot of people, so would others. and now the reverse is happening. interesting. so is there a certain type of tech worker who s been more ....