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The legions of layoffs across the technology industry are prompting workers to consider new career paths, and while some are opting to leave tech altogether, others are considering founding their own startups. Beverly Hills-based CoFoundersLab, a program that aims to connect would-be entrepreneurs with investors eager for new deals, is looking to capitalize on this.

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Inflation hit cities with tech-heavy workforces hard last year. Tech workers fortunate enough to avoid layoffs still found themselves confronting rising costs with little change in their pay.

Those national trends certainly touched down in Los Angeles, but new data from the Bureau of Labor Statistics (BLS) show that the city of angels was the only major metro area that saw its wage growth grow by nearly 6% while also outpacing the consumer price index, which was around 5%. Basically, LA was the only area where adjusted pay actually came out on a net positive.

So, what does this mean for tech workers in LA County?

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Amazon surpassed 153,000 full- and part-time employees in California in the fourth quarter of 2020, rapidly outpacing the more than 80,000 Amazon employees in the company's home state of Washington, the latest numbers from the company show.

Driving the trend: While Amazon has tech, engineering and product development operations in Silicon Valley and Los Angeles, the surge coincides with the build-out of its distribution network, Prime Now Hubs, Amazon Pantry and Fresh facilities, and physical retail stores. California is also one of the first states where Amazon is opening last-mile delivery stations in rural areas.

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