14min chapter

Today, Explained cover image

The tech boom is over

Today, Explained

CHAPTER

Tech Industry Turmoil: A Cultural Reset

This chapter examines the significant challenges faced by tech companies in 2022, including layoffs, growth stagnation, and declining stock values. It highlights the shift from a culture of rapid growth to one of cautious sustainability, while detailing the struggles of major players like Facebook, Twitter, and Google. The discussion underscores a broader transformation in the tech landscape as companies adapt to new expectations from investors and employees amid economic uncertainties.

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