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Tech layoffs scale to three-quarter high
It's not hard to spot the human pain in the market today.
On one hand, two of tech’s best-known names just turned in results that put their operating profit at or around the $100 billion annual run rate mark. There’s a similar vibe in startup-land, where venture capital totals are in decline and many startups are stuck between funding rounds or between the private and public markets. At the same time, there are a host of incredibly interesting upstart tech companies building new tools and services with or atop AI models that are themselves rapidly advancing.
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