a wave of widespread layoffs in the tech industry, big companies like meta, formerly facebook, twitter, amazon, all announcing significant job cuts in the past few weeks. we wanted to know what is happening in silicone valley. so i sat down with someone who knows silicone valley better than pretty much anyone, reid hoffman, cofounded linked in, a partner at gray lock and recently launched an artificial intelligence startup called inflection. here s that conversation. reid, thanks for the time. great to be here with you poppy. what is happening in silicone valley? it seems this is quite a moment of crisis. why? well, you know, those of us who are a little older have
welcome back to cnn this morning. here is what is coming up for us. we have an update, u.s. men s soccer player, christian pulisic speaking out on his injury. chilling new body camera video shows tense moments in a mass shooting in october that left five people dead. we ll take you this morning inside of that shootout. a crisis in silicone valley with widespread layoffs in tech. i spoke with one of the bknown founders in silicone valley, that is next. quote no onesies what is happening behind closed doors that from harry and meghan. what the couple is revealing now. this is the heart stopping goal by christian pulisic. it gave the u.s. men s soccer
yeah. are we reading it wrong again? do we have the right metrics? the pandemic broke the charts. so yeah we re reading it wrong. everyone is confused about what the economy is doing, right. mark sandy, an economist we all follow said i m looking at the numbers i m having a hard time finding something recessionary going on here. you have people still spending money, earning money, right to point out inflation is still far outstripping income. but a lot of executives and ceos say they re expecting to raise wages next year. how do you explain that with the reporting on the program, which is the layoffs in silicone valley. companies that seemed like they were bullet proof. is this about advertisers pulling back so they re getting hit but no one else? especially the tech sector these are head line grabbing moves. there are layoffs in other areas as well. it s hard for the tech sector to
nobody else did. he called sam a fraud to his ace which he turned out to be and tried to warn congress about ftx and sam. i am asking you, sir, ftx has no requirements for pantaleos. participants. that s a false statement. ftx has a capital requirement. they said they are not the same as for other institutions. capital is not the same as margin. tucker: the democrat of silicone valley getting emotional defending sam. we are grate to feel have terry
checks people thought might be in place. but to your point about a billionaire taking over and taking it private, so there are none of the checks you have the mayor, i think we ve gotten used to ceos in silicone valley maybe kind of nodding towards appeasing the public when they think the eye is on them. and that s not his game. he doesn t care. there s no board to check him. no. there s no share price to check him. there s a desperation aspect to this. absolutely. i seems desperate or as we say now, thirsty. this provocative image about jesus, someone temping jesus this was a sexualized image he s posting. and i think it s a good example of the thirst thing you re talking about, which is look at me, eyes on this, advertisers look eyes are still on this, stay with me by any means