I think pure technology companies (those that make products or marketplaces, like Ebay or Uber) are more insular. They listen to the same venture capitalists, and watch the FAANG companies (Facebook, Amazon, Apple, Netflix, google). They all overreacted to the pandemic, and hired like crazy from 2020-2022. Now, they are focused on being defensive and cutting costs. They're acting like lemmings.
With companies that use tech (such as financial or insurance services), I'm not seeing this kind of behavior.
© 2024 Praveen Puri
