This is the best summary I could come up with:

By September that number had dipped to under 5,000, suggesting that perhaps massive layoffs were mercifully over, and we could look ahead to a brighter 2024 with improving economic conditions.

Sure, Nokia, after a terrible quarter in which it saw profits drop an astounding 69%, announced last week it was laying off 14,000 employees.

In fact, it comes on the heels of Qualcomm announcing it was laying off over 1,200 people, Qualtrics 780 and LinkedIn 668.

But let’s not forget as we dig into the reasons why we are seeing a new wave of tech layoffs that this is more than an academic exploration; it involves real people losing their jobs, and perhaps it’s useful to understand why these people are having their lives blown up: because the businesses they were working for couldn’t meet their revenue numbers.

Just last week, Federal Reserve chair Jerome Powell indicated that there would be no additional rate hike in November, but said the Fed would continue watching the economic signals, while not ruling out additional hikes in the future.

However, no one is expecting a rapid bounce back either,” said Atta Tarki, founder and chairman of executive search and staffing firm ECA Partners and author of the book “Evidence-Based Recruiting.” Yet his forecast for next year and beyond doesn’t feel terribly promising, either.

The original article contains 400 words, the summary contains 220 words. Saved 45%. I’m a bot and I’m open source!