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.

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

What percentage of business economists expect employment to fall in the coming months?