Any so-called "hits-based" industry, like entertainment, is at the make or break mercy of consumer whims. Technology is not going to change that anytime soon.

Any so-called "hits-based" industry, like entertainment, is at the make or break mercy of consumer whims. Technology is not going to change that anytime soon. TechCrunch doesn't mention the interest rate hikes, but I'd say that's the primary underlying reason for the layoffs.