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Uh oh, where did all the tech jobs go? (Infographic)

Technology is hailed as a powerful engine of job creation, but things may not be as rosy as we like to think. It creates opportunities for new businesses, but there is also evidence that tech destroys jobs and the industry is beset by layoffs.

LivingSocial axes 10% of workforce

LivingSocial, once the promising number two deals company behind Groupon, confirmed today that it has laid off 400 workers, or around 10 percent of its global workforce.