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so its hard to get your hands around this we had claims earlier this morning at 200 000 sub 200k but just in a couple of Industries finance and Tech the layoffs keep panning up Wells Fargo cutting more than 500 jobs in its mortgage unit adding to the thousands of cuts from last year in big Tech The Washington Post reporting in the last 24 hours The Meta plans to reduce and reorganize thousands of workers Shani basso joined us now here in New York alongside Mandeep Singh Mandy first to you the story were familiar with now in Tech more cuts I mean if you keep aside the over lift and the ride sharing companies most of the times they have a very high operating leverage because you know in times when Revenue growth is strong the the fixed cost model Works quite well the problem is when the revenue growth starts to taper down which is the case you know with all the consumer tech companies the fixed costs become a problem because it shows up in the market margin degradation and thats why