(CNBC) The S&P 500 is trading at a record and the Nasdaq is at its highest in two years. Alphabet shares reached a new pinnacle last week as did Meta and Microsoft, which ran past $3 trillion in market cap. Don’t tell that to the bosses. While Wall Street cheers on Silicon Valley, tech companies are downsizing at an accelerating clip. So far in January, some 23,670 workers have been laid off from 85 tech companies.
Tech layoffs balloon in January as Wall Street rally lifts Alphabet, Meta, Microsoft to records
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