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Alex and Sophie York
The class of 2023, including my baby sister, is entering the workforce.
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Drew Houston, CEO of Dropbox.
Drew Houston, CEO of Dropbox, cited the "expansion" of AI products in layoff memo to staff in April.
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job layoffs recession

Hi, I'm Matt Turner, the editor in chief of business at Insider. Welcome back to Insider Today's Sunday edition, a roundup of some of our top stories. 


On the agenda today:

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Welp, it's Wednesday. I'm Diamond Naga Siu, and I (semi-jokingly) like to say that I watch  about one movie per year. I've already watched one in 2023. But in light of breaking news, I might make an exception. 

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Amazon
Amazon Web Service's utility computing team had over three times more job openings posted than were approved, Insider found.
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It's the middle of the week, 10 Things in Techies. I'm Diamond Naga Siu, and for the first decade or so that I worked, I was always paid in cash. I didn't put much of it into a bank, because I didn't really understand how it worked.

So I hid it in different places, keeping a mental tally of my cash stash.

I'd be pretty upset if I mistaked one of my decoy reserves for a pot of proverbial gold. But that's almost exactly what happened to JPMorgan Chase.

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Nike Customers walk past a Nike store in Shanghai, China
Nike has slowed down hiring.
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Tired businessman sleeping with feet up on desk
Tech CEOs like Meta's Mark Zuckerberg and Google's Sundar Pichai have admitted that their overhiring during the pandemic is partly to blame for mass layoffs now.
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A headshot of Thomas Siebel standing in front of a cloudy backdrop
Thomas Siebel, a billionaire tech CEO, says it's 'weird' that Meta and Google over-hired and didn't have jobs for them to do.
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Social Network - stock photo
Gen Z isn't scared to ask about work-life balance at work.