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Big Tech's Layoff Wave Is an Outlier in Still-Robust Job Market – Bloomberg

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The layoffs and hiring freezes mounting at US technology companies are unlikely to be a harbinger of trouble in the broader US labor market, economists say.
While tech firms that went on a hiring spree during the pandemic-fueled e-commerce boom are now cutting back, many other industries are still struggling with labor shortages, said Jennifer Lee, senior economist at BMO Capital Markets.


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