The Surprising Cause Behind Tech Worker Layoffs

A 2017 change to a 70-year-old tax law, enacted during Trump's presidency, forced tech companies to amortize R&D expenses over several years instead of deducting them immediately, likely contributing to over 500,000 tech layoffs since 2023. Despite bipartisan efforts to reverse this rule, the damage has already been done, highlighting a hidden factor behind recent tech industry layoffs.