Despite some late-week respite in the stock market on Friday, many tech firms are facing an increasingly tough reality: Interest rates are going up, as are prices, and the economy may be heading for a serious slowdown.
We may be seeing the initial signs of a weakened economy manifest in the once-frothy tech sector, too, as companies start to lay off employees. Among them are online used car retailer Carvana, which cut 2,500 employees last week, roughly 12% of its staff, according to data sourced from Layoffs.fyi, an online tool created by entrepreneur Roger Lee after the onset of