Shopify (SHOP) today joined the ranks of tech companies laying off employees, announcing that it was set to cut 10% of its workforce. The recent tech layoffs and hiring freezes stems from a so-called boomerang effect, LinkedIn Principal Economist Guy Berger told Yahoo Finance Live (video above).
“Tech just kept hiring, just kept rising and rising and rising, at least to the end of last year, and now it’s coming down much faster,” he said. “I would say it’s kind of like a boomerang in that it…
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