Tech behemoths Spotify, Salesforce, Google, Amazon, and Microsoft have joined small Silicon Valley startups in slashing their workforces—to the tune of more than 56,000 workers losing their jobs in recent weeks.
With the COVID-19 pandemic effectively over and the Federal Reserve raising interest rates to cool inflation, a pre-pandemic tech surge is looking more like a bubble—despite the U.S.’s low unemployment rate of 3.5 percent.
Alec Dent is a former culture editor and staff writer for The Dispatch.
