Part 6/9:
As the tech industry matures, it is essential to contrast it with prior economic downturns, such as the dot-com era and the 2008 recession. Current layoffs are significant, but the overall unemployment rate for tech workers remains lower than that of the general population—the mature industry still accommodates growth at a measured pace. However, as growth becomes less aggressive, companies like Meta and Google are compelled to assess their workforce strategically.