Nearly 25,000 tech workers were laid off in the first week of the year

A professor at the University of Washington said that Wall Street has a bloodbath of jobs in the tech industry. “There is a herding effect in tech…They’re getting away with it because everyone is doing it,” Jeff Shulman said. Shulman added, “They’re getting away with it because it’s the new normal. Tech company workers have returned to pre-pandemic levels.”