Beijing Review

Exports Ban Leads To Mass Layoffs

After two decades of booming, the hi-tech sector in the United States is now going through a harsh downturn, leading to massive job cuts in a lot of tech firms. According to Crunchbase, a data provider, by mid-November, a workforce of more than 67,000 had been shown the door this year, including from tech giants like Amazon, Twitter and Facebook’s parent company Meta.

In a closely connected world, mass

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