Sunday, May 28, 2023

As pandemic economy resets, tech layoffs rise: Impact on you ⭐


With the pandemic impact on the economy subsiding and pre-pandemic regularity slowly coming back, technology firms are facing a major setback. How does it impact you? The exuberance of a pandemic induced growth of tech companies and startups is facing a harsh reality check. Netflix is losing subscribers in hundreds and thousands, Zoom’s stock price is down over 80% from the pandemic highs, the nearly invincible Amazon announced its first loss since 2015 as sales slowed, costs rose and its investment in electric vehicle company Rivian wiped out profits. Start-ups now talk about real profits Even startups with dizzying valuations like Uber are talking about showing real profits. Closer...


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