Tech companies went on a spending binge to satisfy new pandemic demand. Then came the reopening and the rate hikes. Now, investors, consumers, and employees are on the hook for the bill. Read More...
American City Business Journals
Apple to build even more at Austin campus
The Mac and iPhone maker will pour at least another $100 million into its new Austin campus, a filing shows. It’s welcome news for a city — and real estate sector — that has been put at risk by big tech employers lately as recession fears loom and the work-from-home model prevails. Facebook is slimming down in Austin, backing out of space it was to take in Austin’s next tallest skyscraper, while news of coming layoffs at Amazon.com Inc. and Google Inc. have many real estate pros on pins and need
