Funding winter, search for profitability and an inevitable churn are among the explanations cited by observers and analysts while describing the current bloodbath in the Big Tech and the start-up world. While the celebrated collection of FAANG (Facebook, Amazon, Apple, Netflix and Google), along with many others, are coping with the extraordinary situation, some things stand out.
Social media has been the go-to destination to make announcements on anything that’s of consequence for world leaders. These powerful voices have not been heard much on the drastic layoffs unleashed by large private enterprises run by the richest on earth. There’s no high
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