Published by
ValueWalk
ValueWalk
The once bubbly and booming big tech industry is now coming to face a harsh reality, as profits shrink against the backdrop of wider economic problems as inflation remains stubbornly high, interest rates keep climbing and venture capital funds start to dry up. After seeing more than a decade of stratospheric expansion, where household names in Silicon Valley scooped up some of the industry’s top talent – thousands of techies are now finding themselves without a job as companies around the world are slashing jobs to keep up with rising costs and slowing economic activity. Q4 2022 hedge fund let…
