Tech firms laying off staff to 'consolidate' as funding dries up, say analysts - CNA

SINGAPORE: After a race for growth in a boom market, many tech firms are now "consolidating", one of the key reasons there have been layoffs at a number of technology companies, analysts told CNA. In the United States, more than 35,000 workers have been re…

Assoc Prof Joseph said that many of these companies expanded very quickly during the pandemic, and are now "consolidating ahead of an expected recession". At the same time, liquidity is drying up in … [+1429 chars]

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