this post was submitted on 30 Jun 2023
424 points (100.0% liked)
Technology
37735 readers
44 users here now
A nice place to discuss rumors, happenings, innovations, and challenges in the technology sphere. We also welcome discussions on the intersections of technology and society. If it’s technological news or discussion of technology, it probably belongs here.
Remember the overriding ethos on Beehaw: Be(e) Nice. Each user you encounter here is a person, and should be treated with kindness (even if they’re wrong, or use a Linux distro you don’t like). Personal attacks will not be tolerated.
Subcommunities on Beehaw:
This community's icon was made by Aaron Schneider, under the CC-BY-NC-SA 4.0 license.
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
A lot of tech companies grew unreasonably fast during the COVID lockdowns, and assumed their new traffic patterns were permanent. Couple that with a general global recession, and you've got companies that overextended themselves, desperate to make some money back before people realize the emperor has no clothes
That would make sense