Money for startups is drying up. So we'll see a lot of startups closing and as a side affect the FAANG having layoffs due to the reduction in earnings caused by

Money for startups is drying up. So we'll see a lot of startups closing and as a side affect the FAANG having layoffs due to the reduction in earnings caused by less over all spending. Silicon Valley and such are going to get hit hard since there's so much startup activity there. Panic is contagious so I can see why people are feeling the pain. We're going to go thru a few painful years but it is not the end of the tech industry. I doubt that more than a small percent of the tech industry will get impacted but I know no one wants to be part of that percentage.