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1 min read economics

Tech economics

mathowie

on

I’m not some kind of fancy economist but it’s weird to watch every major tech company lay off 10-20% of their workforce and even Apple, one of the most successful companies on earth, announce a hiring freeze when their company revenue graph looks like this.

See the teeny tiny flattening of the steep curve on the end of the graph? That’s why everyone is cutting back. What a cruel world.

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