Morning Movers Gapping up $Planet Fitness(PLNT.US)$was upgraded by TD Cowen from Hold to Buy, with the target price raised from $66 to $92. Shares increased by more than 3% in premarket trading. $Broadcom(AVGO.US)$shares advanced 0.7% on news from Reuters about the company's partnership with ByteDance to create an advanced artificial intelligence processor, which is happening amidst U.S. attempts to restrict crucial chip expo...
Last year in 2023, more than 191,000 workers at U.S.-based tech companies were laid off in mass job and the cuts have continued into 2024. According to Crunchbase News tally, at least 52,985 workers at U.S.-based tech companies have lost their jobs so far this year in 2024. Tech companies are not the only ones facing layoffs; United Parcel Service Inc. (UPS) announced 12,000 layoffs, while Microsoft Corp. (MSFT) cut 1,900 jobs post-merger. Google's parent company,...