Peloton Has a New Hope In Its Turnaround Battle

Tech layoffs were big news in the fourth quarter, with more than 97,000 jobs being axed in 2022, according to a report from Challenger, Gray & Christmas. 

That is a 649% increase from the 13,000 tech jobs that were cut in 2021. 

But the flip side of the equation is that 72% of laid off tech employees found new jobs within three months, according to an analysis by Revelio Labs, Business Insider reported


Author Profile

The Street"Lean Right" Bias Rating
TheStreet is a financial news and financial literacy website. It is a subsidiary of The Arena Group. The company provides both free content and subscription services such as Action Alerts Plus a stock recommendation portfolio co-managed by Bob Lang and Chris Versace.