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I strongly suspect this is primarily in non-tech companies who have been hit much harder by recessionary forces and inflation. On top of Section 174 making it h
by packetlost 2y ago
I strongly suspect this is primarily in non-tech companies who have been hit much harder by recessionary forces and inflation. On top of Section 174 making it harder to offset the tax burden of R&D work done by SWEs, I'm surprised things aren't worse than they are.
- pragmatic 2y agoMy guess is the end of nearly free money is hurting the private equity backed companies. Private equity is the dark matter of tech. For every company that gets squired by a FAANG there's some multiple getting gobbled up by a private equity funded conglomerate to either bundle or unbundle the tech. These are the companies making software that powers everything in society. Companies you've never heard of making software for niches you've probably never really thought about.