The tech industry’s 2023–2024 mass layoffs represented a critical moment in which an infallible industry seemed to suddenly lay bare its weak spots. Historically, Big Tech and the American press have had a complementary relationship, journalism often reinforcing an industry long viewed as too big to fail. Through textual analysis of long-form coverage of the tech layoff crisis, we identify three themes. First, even amid layoffs, Big Tech is presented as too complex and important to regulate, with layoffs framed as necessary for long-term health—and as justification for subsequent layoffs by other firms. Second, AI is presented as both a positive and a negative factor in layoffs, yet remains largely unchallenged. Finally, coverage paid minimal attention to disproportionate impacts on women and racial minorities, upholding gender and racial imbalances in Big Tech. Taken together, the press did not simply explain layoffs—it acted as an active stakeholder.
Herfurth et al. (Wed,) studied this question.