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Tesla keeps cutting jobs and the feds probe Waymo
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Cruise founder Kyle Vogt is back with a robot startup
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Cruise Founder Kyle Vogt Starts VC-Funded Robotics Startup
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Last year, tech giants like Meta, Amazon, Google, and Microsoft laid off employees and saw their stock prices rise. This year, they are making smaller, targeted job cuts while focusing on key products like AI. Smaller tech startups are also slashing jobs to survive. The layoffs are a correction after years of a booming global economy and near-zero interest rates. Tech executives are now admitting to over-hiring during the pandemic. In the first 30 days of 2024, approximately 100 tech companies have seen 25,000 job cuts. Consolidation and cost-cutting are expected to continue in the industry.