What do Twitter, Microsoft, and Snapchat all have in common?
They have all had layoffs in recent months.
The reasons for the layoffs are as varied as the companies’ products, but the job cuts provide an interesting counterpoint to the parade of mega-funding and billion-dollar startup announcements that have dominated headlines all year.
Even as the tech industry appears to be thriving (and, some argue, at or nearing dangerous bubble levels), tech companies are cutting costs and handing out pink slips.
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Source Credits: Alexei Oreskovic in Business Insider