Part 2/11:
Experts attribute these layoffs to a process of right-sizing following years of over-expansion. During the pandemic, the tech sector enjoyed extraordinary growth, fueled by low interest rates and abundant liquidity. Companies anticipated that this surge in revenue would continue, prompting aggressive hiring and expansion. However, as market conditions shifted—marked by rising inflation, higher interest rates, and tighter investor funding—these companies are now adjusting their workforce to align with the new economic realities.