As layoffs accelerate among tech companies, investors and workers who lived through the dot-com bust may feel a sense of déjà vu.
In recent weeks, San Francisco-based Twitter slashed roughly half its workforce following Elon Musk’s takeover of the company. Meta, based in Menlo Park, Calif., plans to cut 11,000 workers, about 13% of its workforce. And on Tuesday, HP announced major layoffs. The Palo Alto, Calif.-based computer and printer company said it will cut up to 6,000 jobs to reduce costs. Other technology companies...