Why widespread tech layoffs keep happening despite a strong U.S. economy
Publishing timestamp: 2024-02-24 09:00:01
Summary
The tech sector is performing well in 2024, with Nvidia exceeding earnings expectations and the Nasdaq index up over 8%. However, there have been a significant number of layoffs in the tech industry, signaling a shift in the future of work and technology. Despite the strong U.S. economy, tech workers may continue to face challenges in the coming year.
Sentiment: MIXED
Tickers: NDAQ,
Keywords: business news, markets, politics, business, breaking news: technology, economy, layoffs, nasdaq inc, technology, u.s. economy,