Amazon, Twitter layoffs are masking a silver lining — for now - Phoenix Business Journal

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There's a silver lining hidden below the massive layoffs at tech titans

, followed by government contracting giant General Dynamics, health compare Humana, Apple Inc. and Deloitte.

But that doesn't mean that tech layoffs haven't added up, with about 789 companies laying off about 121,413 workers so far in 2022, according to“There’s no question there are high-profile Silicon Valley layoffs, including those today at Twitter, but the narrative doesn’t always match the numbers," said Bledi Taska, chief economist at workforce data research firm Lightcast, in a statement earlier in November."There are 159 million people employed in the U.S.

Experts say those signs point to a labor market that is likely to remain tight in the months to come,

 

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