Market Shifts Ahead

The recent layoffs at Goldman Sachs signal a temporary setback, while Coinbase faces a more ominous future, with predictions of further layoffs looming. The cryptocurrency market has plummeted dramatically, leading to a decline in Coinbase's value by nearly 90% from its peak. Despite the tech industry's struggles, the overall employment landscape remains relatively stable, with layoffs accounting for less than 1% of non-farm payrolls in the U.S.