2min chapter

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This Is What Happens to Silicon Valley in a Downturn

Odd Lots

CHAPTER

I Don't Know What's Going on in Silicon Valley

The tech industry, Silicon Valley, isn't a real downturn. We've had a number of tech companies coming out and saying that they're going to be firing literally thousands of people in this downturn. These are all growth companies. They tend to do very, very well during periods of low interest rates. Once rates start going up, we see the pressures sort of added on. Then we see these cyclical downturns.

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