Karine Jean-Pierre Gives Non-Answers On Massive Tech Layoffs

White House Press Secretary Karine Jean-Pierre Multiple times, reporters were repeatedly deflected from questions regarding massive layoffs technology Companies and claimed that economy under President Joe Biden is unshakeable.

Microsoft CEO Satya Nadella revealed The company announced Wednesday that it would lay off approximately 10,000 employees in the coming months in order to cut costs and improve the macroeconomic environment. After the announcement was made, Amazon Andy Jassy is the CEO unveiled A total reduction in headcount of 18,000 employees. Jean-Pierre began her Wednesday however. press briefing By claiming that Biden “inherited an economic crisis and turned it into the strongest two years of job growth on record.”

One reporter noticed that the commander in chief has been “quite optimistic” In his most recent statements on the economy, he asked whether the Microsoft layoffs were a “matter of concern” for the White House. Jean-Pierre said that Biden is closely monitored by Jean-Pierre “anytime there are reports of Americans losing their jobs” And he affirmed that he “knows firsthand the impact of losing a job and what that can have to your entire family.”

“I don’t have a comment on specific moves announced by particular companies. As you know, we’re very careful from here talking about private companies. But more broadly speaking, layoffs remain near record lows according to job openings data,” She went on. “Companies across the economy are continuing to grow and invest in the United States.”

Another reporter observed the same thing. “believes the economy’s resilient” But, I was curious as to how dismissals would be handled. “impact that recovery in the coming months.”

Jean-Pierre said that “layoffs remain near record lows” All over the economy. “We’re seeing the President’s economic policy actually working. And I think that’s important as well,” She spoke. “Is there more work to do? Always more work to do, and you hear that from us as well.”

“So no immediate concern from these tens of thousands of layoffs across corporate America?” The reporter demanded. “What I’m saying is we’re going to closely monitor this, or, you know, we are always keeping an eye on these things,” Jean-Pierre repeated.

These remarks were made after one of the United States’s most recent terrorist attacks. worst stock market The economy was plagued by high prices, geopolitical tensions and backlog supply chains, which led to some of the worst performances in modern history. The S&P 500 index plunged nearly 20% in 2022. This was comparable to the 37% decline in 2008 after the collapse in the banking system and the 12%, 22% and 22% falls that occurred in 2001 and 2002 respectively, during the dot.com bubble.

However, recent economic data shows some signs of improvement. The December 2022 year-over month consumer price inflation was 6.5%, a drop from 7.1% recorded the previous month. According to a report by a report From the Bureau of Labor Statistics. According to more, producer price inflation was 6.2% in 2022. This is a decrease from 10% in 2021. data From the agency.

Biden claimed that both metrics were significantly higher at the end of his tenure in the Oval Office than they were at the beginning.

“We are making real progress tackling inflation and lowering costs, successfully transitioning from a historic recovery to steady and stable growth,” He said this in a statement.