CNBC Daily Open: It's a bad time to be a tech investor — or employee

Group 1 - October's job losses in the U.S. were nearly twice as high as in September, marking the steepest decline for any October since 2003, with the technology sector experiencing the most significant impact, resulting in 33,281 layoffs, almost six times the previous month's total [1] - Tesla CEO Elon Musk received approval for a nearly $1 trillion pay package, contingent on meeting performance targets, including achieving an $8.5 trillion valuation for Tesla [2] - Tesla's current market capitalization stands at $1.54 trillion, while Nvidia recently reached a valuation of $5 trillion before dropping to $4.57 trillion following a decline in tech stocks, which also affected other companies like Microsoft, Broadcom, and Palantir Technologies, contributing to a 1.9% drop in the Nasdaq Composite [3] Group 2 - The volatility in the tech sector serves as a reminder of the challenges faced by tech workers and investors, contrasting sharply with Elon Musk's continued ascent in wealth and company valuation [4]