What do tech layoffs tell us about the economy?
The pandemic was good for the tech industry. But as life offline comes back, companies are struggling to retain the employees they hired during the pandemic.
Additionally, changes to how digital ads are tracked and distributed have led to profit losses for companies like Meta, which laid off 11,000 employees, about 13 percent of its staff, last month.
Outside of tech, layoffs are at a historic low. But what do the tech industry’s economic wobbles mean for the economy as a whole?
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