Big tech layoffs have a far-reaching impact

The recent big tech layoffs have profoundly impacted industries outside of technology because the sector has long been seen as a driving force for innovation and economic growth. The layoff announcements by companies like Google, Microsoft and Amazon have raised concerns about the tech industry's future and the ripple effects throughout the economy. Below are several major tech companies that have laid off employees as they navigate the challenges of a rapidly changing industry: Alphabet: The parent company of Google announced the layoff of 6 percent of its employees, which accounted for 12,000 workers. Microsoft: Microsoft is expected to lay… [Continue Reading]