Tech layoffs balloon in January, Wall Street Surge Propels Alphabet, Meta, and Microsoft to Record Highs In January, a staggering 23,670 employees faced layoffs, marking the highest monthly figure since March, as reported by Layoffs.fyi. This downsizing trend coincided with a notable surge in investor optimism within the tech industry. As the Nasdaq soared to its peak since early 2022, major tech giants such as Alphabet, Meta, and Microsoft concurrently achieved unprecedented all-time highs. The employment landscape witnessed an unprecedented churn as layoffs exceeded the recent monthly average, raising concerns within the tech sector. Layoffs.fyi, a notable website tracking employment trends, reported that 23,670 individuals lost their jobs in January. This figure represents the most significant monthly layoff count since March, indicating a substantial shakeup in the job market. The simultaneous surge in bullish sentiment among investors in the tech industry adds an intriguing ...