Per Yahoo News
Jan Hatzius, the chief economist of Goldman Sachs, said, "tech layoffs are not a sign of an impending recession."
Hatzius said there were 34,000 announcements of cutoffs from large-cap tech companies in November.
The top 5 companies that laid off employees are:
- Meta - 11,000 Layoffs
- Amazon - 10,000 Layoffs
- Twitter - 3,700 Layoffs
- Salesforce - 1,000 Layoffs
- Stripe - 1,000 Layoffs
See full $GS flow at unusualwhales.com/flow.