The tech layoffs are a result of Big Tech's push for more, now their employees are paying the price.
Yahoo Finance Dan Howley joins the Live show to discuss tech layoffs.
It took just an afternoon for the market to forget about Microsoft's (NASDAQ: MSFT) confirmation that it's investing $10 billion into ChatGPT creator and parent company OpenAI. Microsoft reported sputtering overall growth and weakening profit margins as cloud-spending increases decelerated and PC and laptop sales decline. Beneath the noise of quarterly financial reports, though, Microsoft's move on OpenAI is an offensive strike against other public cloud giants like Amazon with its AWS and Alphabet's Google Cloud.