Caroline Hyde
speaker
8,902 appearances
181 recordings
4 series
first heard Aug 2025
last heard 12 Jun
Caroline Hyde’s voice in public audio — every appearance, attributed to the second.
Trend
recordings per month · last 12 monthsRecordings per month over the last 12 months — 179 in all, peaking in Jan 2026 with 39.
Appearances
That's the number of planned cuts in the tech industry so far this year up 33% from the same period in 2025, bringing the total for 2026 to a three-year high, even as overall private sector layoff announcements receded.
This is all coming from data from Challenger.
Bloomberg's US economy reporter Julia Banzares joins us now on the train trend.
that we're seeing, look, we've whether it's anecdotal, whether you think of the announcements coming from Block just over this week, we've heard from Coinbase, from PayPal, but we then get the more macro piece of data that yes, tech is the industry that has the highest number of layoffs right now.
It's so interesting because I think everyone's got this anxiety that AI is going to replace me, but actually maybe it's just your salary that needs to be taken out to be redeployed into AI investment.
Julia, when I take a step back though.
The hand wringing is is getting more ferocious.
But when you look at Challenger data, look since twenty twenty three is it that they've been tracking how many jobs are at the expense of AI.
It's still only about three and a half percent of all layoffs that have been announced since that time, right?
It's still only very small.
Yeah, I guess the question is whether this is a leading indicator, whether this just the start of something in terms of a wave.
Julia, just briefly, what other data do you look at to make sure that this is real or whether this is AI washing?
and it's something that workers too keep an eye on at the end of the day it might be statistics but it's actually really people's livelihoods that we're talking about here.
Bloombears, Julia Ponzares, it's great to have you on.
Welcome back to Bloomberg Tech.
We check in on these markets that are at a new record high.
We're on pace for a sixth straight week of gains on the NASDAQ 100.
We're up 510%.
Again, amid the clouds on the macroeconomy side of things, the worry, anxiety about US and Iran conflict, we're still managing to see the AI trade still power a lot of these stocks.
We've also still got earnings coming thick and fast, and for some, we are seeing absolute rocket chips in terms.
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