Many technology companies that expanded during the pandemic are now pulling back, laying off workers and retracting job offers as the U.S. economy slows. On Tuesday, the cryptocurrency exchange Coinbase said it was cutting its workforce by 18%, or about 1,100 people, with CEO Brian Armstrong warning that “we appear […]
downturn
A lasting market downturn is unlikely to knock the tech industry from its perch at the top of American business, but it would reshape the tech world’s dynamics in profound ways. Driving the news: The last big recession to hit Silicon Valley bottomed out 20 years ago, and last week’s […]
