Goldman Sachs is pushing back on the notion that headline-grabbing layoffs from big-cap tech companies are a sign of a looming U.S. recession.
“Tech layoffs are not a sign of an impending recession,” Goldman Sachs chief economist Jan Hatzius wrote in a note to clients on Tuesday.
As the year nears a close, the layoffs announcements have picked up in tech land amid a terrible year for stock prices and slowing growth.
In the past two weeks alone, Meta and Amazon have unveiled combined job cuts of…
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