#111 Why Are So Many Tech Companies Laying Off Staff?

Build a high-growth portfolio based on tried and tested strategies and sign up to Horizon today 👉 Get instant access Fears about the economy have been compounded recently as dozens of tech companies announce that they are cutting jobs. Coinbase, Redfin, Tesla, Stitch Fix, Robinhood, and Peloton… lay-offs for all of these have added a lot of fear and uncertainty for both employees and the wider market.Are job cuts just part of the wider economic environment, or are they red flags for the companies involved?In this episode, we also chat about:The crypto crash and how it might affect the stock market.And the perfect stock investment to weather current market volatility.Plus, you can also check out Mike's full pitch on Zoetis here by tuning in and listening to Stock Club in the MyWallSt app.MyWallSt operates a full disclosure policy. MyWallSt staff may hold long positions in some of the companies mentioned in this podcast.--- Send in a voice message: https://anchor.fm/stock-club/message Hosted on Acast. See acast.com/privacy for more information.