SoFi Head of Investment Strategy Liz Young joins Caroline Hyde to discuss how Salesforce became part of the latest tech companies to announce layoffs, and what to expect in tech in 2023, and why she thinks a recession would reset the market cycle.
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Francisco Gimeno - BC Analyst With the new year, same same news from the tech side. More layoffs, reasoned as needed due to global economy problems, and restructure tech companies growth forecasts. It's becoming a fashion now, if you are a tech company you have to lay off some staff to show you care for the future of the company. Which is somehow bad psychologically as tech companies should focus on growth, and not on fear. Anyway we all have to be cautious on what is going on around us, from our personal lives, to our work lives, as changes are happening very quickly and not always for the best. This short podcast bet for the resetting of the business cycle and identify the opportunities and challenges which this would produce. Interesting point of view.