American tech companies like Facebook, Uber, Amazon o Twitter are slowing down their hiring due to the fact that the sector, with good results in the pandemicHe is going through a difficult period.
The reasons for these freezes vary from company to company. Facebookfor example, points to the impact on its advertising revenue of the new rules of Apple about data sharing.
YOU MAY BE INTERESTED: Facebook and instagram, war fronts
Twitter is immersed in a wave of uncertainty after the turns of Elon Musk about the purchase of the company and Uber suffers heavy losses from its investments in various start-ups with unstable financial health. But there are also common factors, such as the end of the lockdown economy and the progressive lifting of health restrictions.
“Many technology companies have responded to the growing demand for digital services by contracting and growing their business in the last two years,” he says. Terry Kramer, adjunct professor at the business school UCLAciting the emblematic case of the videoconferencing platform Zoom.
“A lot of what we’re seeing right now is a phase of tech maturity where these companies can’t and don’t need to keep growing at the same rate,” he added.
Another factor weighing on the sector is continued high inflation. Rising prices put pressure on the Fed to raise rates, hampering the ability of businesses to borrow.
LEG
Related
–
–
