The following is sponsored content by Stansberry Research.
Have you seen the massive number job cuts taking place right now in the tech industry?
Money manager Charlie Bilello posted a list recently, and the numbers are stunning:
- Twitter is cutting 50 percent of its workforce (about 3,700 jobs).
- Facebook is cutting 11,000 jobs–its largest round of layoffs ever.
- Snap is cutting 20 percent of its workforce (1,200 jobs).
- Shopify is cutting 10 percent of its workforce (1,000 jobs).
- Netflix cut 450 jobs.
- Microsoft and Salesforce are each cutting 1,000 jobs.
- Robinhood is cutting 31 percent of its workforce.
- Tesla is cutting 10 percent of salaried workers.
- Lyft is cutting 13 percent of its workforce (700 jobs).
- Redfin is cutting 13 percent of its workforce.
- Coinbase is cutting 18 percent of its workforce (1,100 jobs).
- Stripe is cutting 14 percent of its workforce (1,000 jobs).
And…
