For more crisp and insightful business and economic news, subscribe to The Daily Upside newsletter. It's completely free and we guarantee you'll learn something new every day.

It's been a bad week to be a techie even if Elon Musk did or didn't cut Twitter's workforce in half.

Thursday brought multiple reports of layoffs and hiring freezes throughout the tech sector with Stripe readying to trim 14% of its headcount and Lyft cutting 16% one day after reports surfaced that real estate platform Opendoor would cut 18% of staff. Giants Apple and Amazon are also reportedly pausing their hiring, meaning that techies who survived this summer might want to inhale again.

Continue reading

Source Fool.com