Most of all of Big Tech, especially Google are doing just fine, making $100B a quarter.
Startups and other unprofitable companies however...
Most of all of Big Tech, especially Google are doing just fine, making $100B a quarter.
Startups and other unprofitable companies however...
After COVID they were still making a killing, but axed 12k people anyway. So, if someone starts doing layoffs and the market reacts well profitable companies will do layoffs as well
You do have to question the usefulness of Big Tech burning all that profit to the ground in order to buy GPUs though.