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Behind tech layoffs lay systemic cash flow negative companies

Since the pandemic started, there’s been approximately 61,260 tech layoffs [ 1]. Close to 30% of the layoffs came from public tech companies, 85% of those companies are unprofitable. All of the US-based publicly traded tech companies that have announced layoffs in 2020, plus their revenues and net operation profits (loss) for Q1 2020 and 2019 [ 2].