Nearly 25,000 tech workers were laid off in the first weeks of 2024. Why is that?

Last year was, by all accounts, a bloodbath for the tech industry, with more than 260,000 jobs vanishing — the worst 12 months for Silicon Valley since the dot-com crash of the early 2000s. Executives justified the mass layoffs by citing a pandemic hiring binge, high inflation and weak consumer …


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