Washington Examiner
•US Politics
US Politics
SVB collapse: Bank quietly laid off more than 100 employees before closure
Summary
Nutrition label
79% Informative
"Change and uncertainty" in the company's economic future cited as the reason for the layoffs.
The layoffs came as other companies in California's Silicon Valley trimmed their staffs as well.
Higher interest rates from the Federal Reserve caused the companies to pinch their pennies and undo some of the hiring rush from the COVID-19 pandemic.
VR Score
83
Informative language
83
Neutral language
77
Article tone
semi-formal
Language
English
Language complexity
46
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
short-lived
External references
1
Source diversity
1
Affiliate links
no affiliate links