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Startups

Tech startup layoffs top 20,000 amid big funding chill

Jobs lost reach 2-year high as venture capital funding dries up

U.S. startup Reef Technology, which counts the SoftBank Vision Fund among its investors, is laying off 750 workers.

NEW YORK/PALO ALTO, U.S. -- Layoffs at tech startups across the world have surged to a level not seen in over two years, underscoring a fundraising landscape that is no longer awash in venture capital money.

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