Yet, everyone here is ignoring this. In reality, every company (whether Silicon, Oil or Rocks) is just a businesses; and at the end of the day they are in the b

Yet, everyone here is ignoring this. In reality, every company (whether Silicon, Oil or Rocks) is just a businesses; and at the end of the day they are in the business of arbitrage: They buy something with $xx and sell it for $yy. Interest rates affect that. This over-hiring and over-firing is being instigated by the Fed. Tech (or otherwise) companies are reacting to that.