Layoffs in the Rearview: A Bright Future Ahead

Let’s unpack this, shall we? The past three years have been a rocky road for the tech industry, plagued by shutdowns and layoffs; you name it, the sector has experienced it. But things are finally starting to look up, with a rising tide of M&A pursuits and big plans for public listings making headlines. And why should you care? Oh, only because this spells regardless of whether you’re an industry insider, a keen investor, or a total newbie looking to dip your toe into the tech pool.

However, as we toast to these green shoots of recovery, it’s crucial to remind ourselves of the barrage of difficulties the sector faced in the previous four years. These setbacks have been so severe that even the slightest sniff of progress feels like sweet victory.

Now onto the juicy part. Following the mayhem that COVD-19 unleashed, we saw a surge of action among venture capital-backed startups. The era of historically low interest rates transformed the capital scene making it ridiculously easy, almost like child play, to borrow and invest. In turn, this triggered a wave of funding for young startups from their venture capital daddies, according to the data gurus at Crunchbase…