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Re:Meta lays off 11,000 people by spaceman_2020 on Wednesday November 09, 2022 @08:57AM (#33531653)
Honestly, tech companies that were formed in the last decade have very little to show in terms of value creation. Majority are unprofitable. Most will never make profits in a recession AND tighter monetary environments.

At the end of the day, businesses have to generate profits. You can only defer that so long. And most tech companies have been deferring it for a decade now.

Re:Meta lays off 11,000 people by boringg on Wednesday November 09, 2022 @09:16AM (#33531866)
I think you are talking smaller tech and theyve been told to chase market share at all costs from VCs and eventually raise prices to get profit. What you will see is more “free/low cost” tech forcing thwir client companies to determine if they will need to buy those services or not as companies change strategies.

Its going to be a tricky dance.