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No, the Great Tech Layoffs of 2023 Aren’t Happening Again
Amazon, Discord, Duolingo, and Google all started 2024 with layoffs. But the tech job market isn’t facing the same trouble it did last year.
Twitch announced a cut of 500 people, and its parent company, Amazon, also made moves to lay off hundreds of employees across Prime Video and MGM Studios on Wednesday. The job cuts are smaller than those made in late 2022 and 2023, when companies like Google, Amazon, and Meta laid off thousands of workers after years of rapid growth. The tech sector is looking healthy overall since consumer habits have stabilized after rapid changes during the Covid-19 pandemic, says Rachel Sederberg, senior economist with labor analytics firm Lightcast.
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