CNBC: Tech is hitting the brakes on hiring even as other industries keep adding jobs

  • While the overall job market is red hot, several tech companies have recently announced hiring freezes and layoffs.
  • Economists don’t yet think that the tech slowdown necessarily means a broader hiring slowdown is on the way.
  • The impact may be traced back to those companies’ pandemic expansions and anticipation of it being harder to get capital as public market valuations decline.

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