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Layoffs and Windups – The New Story of the Tech Industry

The tech industry is suffering layoffs after a banner year in 2021, so the well-funded and high-flying sector is not immune to job cuts. The tech sector had a crazy bull market for a long time. As a result, you will see all the good profitable companies instituting layoffs. Many startups will eventually have to shut down since the expected investment returns may never materialize. In a circular economy, a lot of money comes from private markets in the tech industry. The loss of employment is terrible for many people. Only a varied team of bright individuals with a resilient culture will endure the ups and downs. Layoffs will disrupt the business of several major tech giants and pave the way for new companies in the future. This video at Bloomberg Technology features the founder and managing partner of Cowboy Ventures, Aileen Lee, and Jenny Lefcourt, managing partner of Freestyle VC. They speak about venture capital after a wave of layoffs and Twitter’s potential bankruptcy.

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