Read at www.nytimes.com
Tech companies have entered a new phase of cost cutting, making smaller targeted job trims and focusing on key products like AI.
There are three basic buckets of layoffs we're seeing, said Nabeel Hyatt, a general partner at the venture capital firm Spark Capital, which invests in tech companies.
Tech start-ups are slashing jobs to survive, while larger tech companies are seeking more growth and profit.
The mandate from the top is the same: Do more with less.