Tech layoffs balloon in January as Wall Street rally lifts Alphabet, Meta, Microsoft to records ...Middle East

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Tech layoffs balloon in January as Wall Street rally lifts Alphabet, Meta, Microsoft to records
Tech stocks on display at the Nasdaq.  Peter Kramer | CNBC The S&P 500 is trading at a record and the Nasdaq is at its highest in two years. Alphabet shares reached a new pinnacle on Thursday, as did Meta and Microsoft, which ran past $3 trillion in market cap. Don’t tell that to the bosses. While Wall Street cheers on Silicon Valley, tech companies are downsizing at an accelerating clip. So far in January, some 23,670 workers have been laid off from 85 tech companies, according to the website Layoffs.fyi. That’s the most since March, when almost 38,000 people in the industry were shown the exits. Activity picked up this week with SAP announcing job changes or layoffs for 8,000 empl

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