The Globe and Mail in its Saturday edition wonders whether the sweeping layoffs in the technology sector over the past year might affect innovation. The Globe's Gus Carlson writes that it has been a bloodbath across the tech waterfront -- the worst since the dot-com bubble burst in the early 2000s. During 2023, more than 260,000 tech jobs were eliminated in North America. The new year has brought no relief with another 24,000 positions disappearing in January. Members of tech's so-called Magnificent Seven -- Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia and Tesla -- have accounted for much of the carnage. All bad news for innovation, right? Not necessarily. Decentralization of know-how away from the big players may see innovation returning to its roots: the garage. It is not as if the tech giants in their current forms are paragons of innovation. Like big companies in almost every industry, they long ago shifted from growing to focusing on productivity and profitability. They have also hit the wall that so many big companies hit eventually: The bigger you grow and the more accountable you are to stakeholders -- including delivering that next quarter for investors -- the lower your tolerance for risk tends to be.