The 4 Horsemen of the Tech Recession
It actually was jarring to see these employment figures the identical week that tech firm after tech firm reported principally disappointing earnings, and worse forecasts, all on the heels of layoffs. Even Meta, which noticed a large uptick in its inventory, reported income that was down 4% year-over yr; the inventory improve was a particular case the place too many buyers purchased into Meta Myths that satisfied them an organization with a nonetheless sturdy and rising core enterprise was someway doomed.
That’s to not say that tech is an echo chamber: all tech firms are going through distinctive headwinds that don’t have an effect on a lot of the financial system; let’s name them the 4 horsemen of the tech recession.
The 4 horsemen, for individuals who didn’t develop up Christian or weren’t paying consideration in Sunday College, come from the E-book of Revelations sixth chapter, which opens:
And I noticed when the Lamb opened one of many seals, and I heard, because it have been the noise of thunder, one of many 4 beasts saying, Come and see.
I belief it’s not sacrilegious to have a little bit of enjoyable with the 4 horseman prophecy and use them to clarify precisely why the tech business is in a funk.
Full article: https://stratechery.com/2023/the-four-horsemen-of-the-tech-recession/
