Why Are Tech Companies Being Hit So Hard By The Downturn?

The last couple months have been rough for both public and private tech companies.

More than 28,000 employees of U.S.-based tech companies have been laid off so far this year, with layoffs accelerating in June, the end of the second quarter. And while late-stage startups have been hit the hardest by layoffs, according to a Crunchbase News analysis, it seems like public tech companies are starting to ramp up layoffs as well. READ MORE