In the fast moving tech parts of the US economy we are already | Minsky Moment Capital

In the fast moving tech parts of the US economy we are already beginning to see the impact of tightening policy “Netflix is laying off about 150 employees — fallout from the surprising drop in customers it reported last month. Wayfair is pausing corporate hiring for 90 days, the latest pandemic winner to put growth plans on hold due to concerns about a slowing economy….Twitter Inc. announced a hiring freeze last week and Facebook parent Meta Platforms Inc. slowed its hiring pace in an effort to cut costs earlier this month. Even Uber Technologies Inc., a company that’s never shied away from losing huge sums in the name of growth, is now issuing sober memos about “unit economics.”

Netflix/Wayfair/Twitter/Facebook/Uber начинают потихоньку резать персонал и думать о костах. Очевидная смена режима даже у сегмента large cap.