Why Everything in Tech Seems To Be Collapsing at Once




The tech industry seems to be in a recession. Although overall unemployment is still very low, just about every major tech company-including Amazon, Meta, Snap, Stripe, Coinbase, Twitter, Robinhood, and Intel-has announced double-digit percentage-point layoffs in the past few months. The stock valuations for many of these companies have fallen more than 50 percent in the past year.



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