The Strength of the Tech Sector in the Current Macro Environment

A lot of tech companies, they're able to take advantage of the current macro environment to do the layoffs. That's also perhaps one reason why you see this huge strength in tech,. Even among companies that haven't done that much layoffs yet. You could expect that once the economy improved, let's say one year later, who knows, it's not like all of these tech companies are just going to rehire all of those laid off employees.