The star-like rise of the tech industry has come with one big downside, The Wall Street Journal reports: Money is pouring in, but jobs are disappearing.
The five largest U.S.-based tech companies by stock-market value — Apple, Alphabet, Microsoft, Facebook, and Oracle — are worth a combined $1.8 trillion. That's 80 percent more than the five most valuable tech companies in 2000: Cisco, Intel, IBM, Oracle, and Microsoft. But today's tech giants employ 22 percent fewer workers than their predecessors. The big five had a combined 434,500 employees last year, compared with 556,520 at the top five firms in 2000.
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