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Another company Microsoft announced the let go of additional workers in the company and cut less than 1 percent of its employees and Twitter had laid off half of its employees this year. Coinbase cut jobs of approx. 1,100 employees. Netflix, the online streaming platforms cut jobs of around 500 employees whereas Snap Inc and Shopify cut jobs of around 1000 workers. Lyft cut around 700 employees or 13 percent of its workforce was laid off.
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