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‘Big tech’ layoffs create big opportunities for small and mid-sized firms

Recent reports tell us that some 32,000 tech industry workers were laid off in the last year, mainly from large companies such as Tesla, Coinbase, TikTok, Twitter and others. Is this bad news for the U.S. tech sector? Probably not. It’s more likely to be good news, both for the employees who end up taking new jobs and for the true drivers of innovation in America—small and medium businesses (SMBs).