Nearly every big tech company has announced mass layoffs, it seems. Among the tech titans who have dismissed thousands of employees include Alphabet, Meta Platforms, Amazon, and Salesforce. Tech companies are facing a reckoning, as valuations have come down following a boom for tech products and services during the pandemic, and rising interest rates have caused a shift in market sentiment to value profits over growth, as unprofitable growth stocks have been hit especially hard. Read More...
Nearly every big tech company has announced mass layoffs, it seems. Among the tech titans who have dismissed thousands of employees include Alphabet, Meta Platforms, Amazon, and Salesforce. Tech companies are facing a reckoning, as valuations have come down following a boom for tech products and services during the pandemic, and rising interest rates have caused a shift in market sentiment to value profits over growth, as unprofitable growth stocks have been hit especially hard.
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