Big tech companies are beginning a new era characterized by slower growth, tighter expense management, and reduced experimentation, which will likely lead to further layoffs.

“it is sort of like the the end of this phase of big Tech where you had this you know unfettered growth where these business models were largely unassailable and they you know we're really just fighting to grow into their valuation and just generate more Revenue to justify where they um where they tr”

The current tech downturn serves as a positive correction that allows for the consolidation of talent into stronger, more viable startup companies.

“now all of those people are not going to have four job offers they're going to have no job offer so they may have gotten laid off uh and those crazy unrealistic out of school deals are going to be gone and this means massive consolidation of talent”