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The once-thriving tech industry is now grappling with a harsh reality as widespread layoffs continue to sweep through the sector, leaving tens of thousands of workers struggling to find new employment.that the technology industry is facing its most significant job losses since the dot-com crash of 2001, with more than 50,000 positions eliminated across over 200 companies in 2024 alone, according to data from Layoffs.fyi.
LAS VEGAS, NEVADA – OCTOBER 01: in their welterweight fight during the UFC Fight Night event at UFC Apex on October 1, 2022 in Las Vegas, Nevada. Krysten Powers, who was laid off from travel tech startup Flyr in January after two years in marketing, echoed Croisant’s sentiments. Powers said navigating the current labor market is like a full-time job, “sometimes even harder.” She added, “You’re putting out resumes and getting almost immediate rejections. It does take a toll on your confidence, and you get this sort of imposter syndrome.”
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Pentagon Kills A Key Tech Program, Dealing A Blow To Silicon Valley’s Defense AmbitionsI'm a senior writer at Forbes covering AI, defense and national security. I'm also the co-author of WONDER BOY: Tony Hsieh, Zappos and the Myth of Happiness in Silicon Valley, published by Henry Holt & Company. Contact me on Twitter at davidjeans2 or email me at djeansforbes.com. You can also send tips on Signal +1 347 559 5443.
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