Silicon Valley’s wave of layoffs and hiring freezes amid a faltering economic system mirror Huge Tech “acknowledging a new reality,” funding financial institution Jefferies stated in a Wednesday analysis notice.
That’s horrifying, however what does that imply?
“The new reality is that demand is fading,” Brent Thill, the lead analyst on the notice, advised Fortune. “And worker hirings have been so brisk that if we’re successfully headed right into a recession, it’s solely inevitable that we’re going to…
