Part 3/10:
Transitioning into the main topic, Eli dishes on recent layoffs, emphasizing that these cuts often signal broader industry trends rather than isolated incidents. He highlights IBM's actions as a case study, noting that the tech giant announced it will cut a "low single-digit percentage" of its 270,000 employees—implying approximately 2,700 to 3,000 jobs could be affected. While the percentage seems small, Eli warns that even a 1-2% reduction translates into thousands of lost jobs, which can have significant personal and regional consequences.