'We're on the precipice': The tech industry is bracing for a historic slump amid VC pullback, looming layoffs, and plummeting share prices
to cut costs, and"spend every dollar as if it was your last." The firm delivered a similar message to startups as the dot.com bubble burst in 2000.
"We saw a big implosion. It started with layoffs, and then it cascaded down into the economy … and that's what it feels like right now, that we're on the precipice of that.""Big Tech taking a bit of a breather after a massive ramp up in terms of personnel over the past couple of years is a healthy step," said Dan Morgan, senior portfolio manager at Synovus Trust Company.
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