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Tech Giant Cuts 12K Jobs Amid Market Shift | Philadelphia News
Big tech just announced massive layoffs—12,000 jobs cut, or 10% of its workforce. After pandemic hiring sprees, the company is now streamlining amid economic headwinds, rising competition, and slowing markets. CEO’s memo frames it as a necessary pivot to core priorities and long-term growth. Employees are reeling, and the ripple effects could shake tech morale. The company promises severance and outplacement support, but this move signals a broader industry shift from boom to recalibration. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on…
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