Goldman Sachs Economist Says 'Tech Layoffs Are Not A Sign Of An Impending Recession'

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

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