Tech Layoffs Surge in 2023: Trends, Impact, and Future Predictions

This chapter discusses the recent wave of layoffs in the tech sector, with a focus on the factors behind the surge and its impact on the industry. It explores the reasons for the layoffs, including a correction of overhiring during the pandemic, and predicts increased job cuts in 2024. The chapter also examines the potential for individuals to transition to other sectors and discusses the split of a billionaire's media and entertainment empire.