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- Tech layoffs have swept the nation since the start of 2024, with over 34,000 workers laid off.
- The layoffs aren't ending anytime soon, according to a Jeffries analyst.
- Companies are putting their money into AI and cutting down in other areas to show discipline.
It may seem like tons of tech companies are laying off employees this year.
Well, that's because they are — and they're showing no sign of stopping, according to a Jefferies analyst.