Just this month, there have been at least 48,000 job cuts announced by major companies in the sector. There will be job cuts in the U.S. and in other unspecified countries, according to Pichai's letter. Those job cuts are hitting smaller players as well. While the tech layoffs are "shocking numbers," their effect on tech industry employment is "nowhere near as bad as what it seems," said John Blevins, an adjunct professor at Cornell University's business school. "These workers who were laid off will readily get new jobs," most likely at smaller tech companies, Blevins said.
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