Tech Layoffs Are Rampant. Here’s Smart Financial Advice if You Lose Your Job.

  • Print
  • Reprints
Text
  1. Small
  2. Medium
  3. Large

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...

Barron’s Advisor

Free Registration

Welcome to Barron’s Advisor! Our content is free but available only to wealth management professionals. To read this article, please provide the information below so we can confirm that you work in the industry. All fields are required. If you’re not a wealth management professional, you can find other great financial content at barrons.com. If you have any questions, please contact us a advisor.editors@barrons.com