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Almost 200,000 Job Cuts in Tech Pushes New Grads to Wall Street

The tech industry has cut tens of thousands of jobs and lowered compensation for the select few who get offers, leading more young people to consider finance as a career option. With the economy in flux, many are turning to where the jobs are or at least where fewer have been lost. Tech firms are decreasing offers for new employees, with total compensation packages dropping as much as 25% in March compared with the same time last year. This has led young people who dreamed of working in tech to turn to finance instead. Despite layoffs and lower bonuses on Wall Street, it is still seen as offering stability during a recession.


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