Strong U.S. tech stock price despite jobs cut

Despite multiple U.S. Tech companies cutting more jobs (*1), such as $Amazon(AMZN.US)$ 18,000 jobs cut (*2), $Microsoft(MSFT.US)$ 10,000 jobs cut (*3) and Google parent - Alphabet ( $Alphabet-A(GOOGL.US)$, $Alphabet-C(GOOG.US)$) 12,000 jobs cut (*4), the U.S. economy remains strong (*5, *6).

This is also further shown by the Tech company's stock price, with Amazon up 3.81%, Microsoft up 3.57% and Google up 5.34% on 21 Jan 2023.

We have come to the end of today's topic. Remember to show your support by follow, like, share and comment on this post and as always, don't forget to DYODD (Do your own due diligence) when making any kind of investment.

References:

*1: Tech Layoffs: U.S. Companies That Have Cut Jobs In 2022 and 2023

*2: Amazon to cut 18,000 jobs as layoffs expand in tech sector

*3: Microsoft set to lay off thousands of employees

*4: Google’s parent Alphabet cutting 12,000 jobs globally

*5: Catching a falling knife is the best bet to win big if the knife is a worthy one!

*6: U.S. Economy continues to be very strong despite job cuts in 2022 and 2023