Tech Layoffs Soar in October, Musk's $1 Trillion Pay Package Approved Amid Market Volatility
ByAinvest
Thursday, Nov 6, 2025 8:32 pm ET1min read
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US layoffs surged 183% in October, with tech sector job cuts nearly six times September's total. Meanwhile, Tesla CEO Elon Musk had a nearly $1 trillion pay package approved by shareholders, but must meet performance targets to earn the full amount. Tech stocks, including Nvidia and Microsoft, fell due to concerns over high valuations, dragging the Nasdaq Composite down by 1.9%.
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