EVERYTHING IS GOING SWIMMINGLY: Dead man walking: Big city commercial real estate.

Plus:

Largest Tech Layoffs Since November 2022:

1. Amazon: 27,000 employees
2. Meta: 21,000 employees
3. Google: 12,000 employees
4. Microsoft: 10,000 employees
5. Salesforce 8,000 employees
6. Dell: 6,700 employees
7. Twitter: 80% of employees
8. Uber: 30% of employees
9. Coinbase:…

— The Kobeissi Letter (@KobeissiLetter) April 19, 2023