1) Tech is very long duration asset, higher interest rates mean shorter runway for tech companies which implies cost-cutting. 2) Many economist predict that th

1) Tech is very long duration asset, higher interest rates mean shorter runway for tech companies which implies cost-cutting. 2) Many economist predict that this downturn will hit high/middle salaried jobs harder then low salaried jobs. This is due to demographic, social changes and simple fact that cutting few well paid jobs bring much more savings for companies. There won't be thousands of jobs left in say construction or farming...