Tech hasn’t had a big wave of extinction since 2001.
There’s no doubt about it. Consumer-tech companies such as Meta, Apple, Google, Netflix, and Amazon came of age over the last decade or so. Some grew from dorm rooms or garages into corporate behemoths at warp speed and hired experts by the boatload. Collectively they gained colossal publicity and political influence. Then came 2022, with plummeting stock prices. So began the hiring freezes and eye-popping layoffs.
Should we be concerned? Perhaps not. Tech’s always been a rough-and-tumble place, embracing an ongoing cycle of innovation, disruption, and destruction. Each cycle is similar, but each has its unique quirks. Read more here.
No comments:
Post a Comment