Tech layoffs surpass 15,000 in a brutal May

Several tech corporations that have experienced pandemic-related surges are facing a correction, due to a number of factors, such as emerging inflation, economic hardship, war, and conversion of customers’ taste buds. Companies like Meta and Twitter have publicly announced the hiring. it freezes, while Snap showed this week that it was slowing down hiring because it lacked its profit targets. It should be noted that a change in hiring speed, as well as the large resignation, may mean that the workforce declines particularly in the aforementioned corporations, while other people leave and corporations continue to fill those vacancies.

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There are too many Nio paints for comfort.

Like maximum investors, I’m a fan of beaten inventories, because as long as I’m a smart company, there can be a huge cost to discover. And I like Nio (NYSE:NIO). But even I will stay away from NIO’s inventories at this point, despite the ridiculously low value. Less than 3 months ago, I said that a depressed inventory value of Nio could be a smart opportunity. Calendar, Nio was down 36% in the first seven weeks of the year. But analysts were still humming a bullish air.

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