Those working on such projects were hit hard in recent layoffs. Bad Bets: Big tech companies have long been willing to fund efforts with no obvious payoff.Silicon Valley Bank: The sudden collapse of Silicon Valley Bank has set off panic across the tech world, rattling a start-up industry already on edge.Meta: The company said that it planned to lay off about 10,000 employees, or roughly 13 percent of its work force - another round of job cuts after it laid off more than 11,000 people in November.
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