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Big Tech Firms Lay Off Thousands to Keep Up With Boom

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California may be in the middle of a tech boom -- but the tech industry had more layoffs in 2014 than almost any other sector. According to a recent study, last year tech companies shed some 60,000 jobs. That's a 69 percent rise from the year earlier. Most of those layoffs are happening at big tech companies. Bloomberg View columnist Katie Benner says in large part, it's the tech boom that's driving the layoffs.

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