This is the first time we've seen entry level wages decrease in 5 years, says Patrick Kellenberger. He discusses the trends in the tech sector jobs market. He talks about some notable layoffs which include Adobe (ADBE), Doordash (DASH), Carvana (CVNA), and Cisco Systems (CSCO). He also goes over what 2022 layoffs mean for the sector, as well as the bullish case for tech hiring in 2023. He notes that we'll see more layoffs in 1Q, but 3Q-4Q will be back to high growth in the tech market. He then mentions how Meta (META) announced layoffs of 11,000 in November. Tune in to find out more about the stock market today.