Spotify to Cut About 600 Jobs

The video discusses recent job cuts in major tech companies like Meta, Alphabet, and Microsoft, highlighting Amazon's significant workforce growth since 2019. It examines the tech sector's profit projections, indicating a 9% drop, and explores broader economic impacts, including a NABE survey showing expected employment declines. The discussion also touches on the labor force's bottom quintile, where worker shortages persist, posing challenges for the Fed.

Which company added more than 740,000 employees to its workforce since 2019?

• Meta

• Microsoft

• Amazon

• Alphabet

What percentage of profit drop is expected in the information technology sector for the fourth quarter?

• 11%

• 5%

• 7%

• 9%

According to a recent survey, what percentage of companies expect employment to decrease in the coming months?

• 10%

• 15%

• 25%

• 20%

In the broader economic context, which part of the labor force is highlighted as having a significant worker shortage?

• Upper-middle quintile

• Bottom quintile

• Top quintile

• Middle quintile

What is the main concern for the Federal Reserve regarding the labor market?

• Rising inflation rates

• Excessive job cuts in large companies

• Worker shortage in the bottom quintile

• High unemployment in the tech sector