https://www.siliconvalley.com/2023/01/25/big-techs-job-cuts-spur-rallies-even-as-an-economic-slowdown-looms/

By Subrat Patnaik and Ryan Vlastelica | Bloomberg

Massive job cuts in Silicon Valley are bringing some relief to investors after a year-long stock selloff, as companies indicate they’re focused on bolstering their profits heading into a key earnings reporting season.