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Tech Giant Cuts 12K Jobs Amid Restructuring | Concord News
Description
Big tech just announced massive layoffs—12,000 jobs cut, or 10% of the workforce. After pandemic hiring sprees, the company’s CEO admits they over-hired and now need to pivot. The cuts span multiple departments, not just one area, and while it’s painful for employees and families, the company’s still doubling down on AI and innovation. It’s a stark reminder: even the most stable tech giants are reshaping fast—growth isn’t permanent, and change is the new normal.
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