Netflix, Robinhood, Carvana and Facebook parent Meta are joining the growing list of tech firms laying off employees or slowing hiring which Parler CEO George Farmer warned is "just beginning."

"The sector is feeling the effects of this interest rate rise and the end of free money," Farmer told FOX Business’ Maria Bartiromo on Thursday. "The free pay environment has sort of exacerbated the worst of the tech hiring, which has basically meant that companies are trading off ridiculous price-to-earnings ratios and have sort of exacerbated the overstaffing of these companies." READ MORE