The Four Horsemen of the Tech Recession

This article discusses the recent tech layoffs and disappointing earnings in the tech industry, despite the US adding 517K jobs and reaching the lowest unemployment rate in 50 years. The author identifies four factors contributing to the tech recession: the COVID hangover, the hardware cycle, the end of zero interest rates, and the impact of Apple's App Tracking Transparency (ATT) initiative. The author argues that these factors have created a disconnect between the tech industry and the broader economy.