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Tech Layoffs Surge Amid Major Tax Code Shift

6/4/2025

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Summary

Story summary

A pivotal shift in the U.S. tax code has rocked the tech industry, resulting in over half a million layoffs since early 2023. By altering R&D deductions from immediate write-offs to amortized expenses, costs have surged for companies. As bipartisan efforts to reverse this change gain momentum, the economic fallout continues to unfold.

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Story summary

A pivotal shift in the U.S. tax code has rocked the tech industry, resulting in over half a million layoffs since early 2023. By altering R&D deductions from immediate write-offs to amortized expenses, costs have surged for companies. As bipartisan efforts to reverse this change gain momentum, the economic fallout continues to unfold.