As recession fears loom over America’s C-suites, several leading Big Tech companies are tapping the brakes on hiring new employees.
The United States economy contracted at a 1.5% annualized rate during the first quarter of 2022, according to the Bureau of Economic Analysis, which associates recessions with two consecutive quarters of negative growth. The Nasdaq — a technology-heavy stock index — has endured losses for most of the year, at one point enduring its worst selloff since the dot-com bubble in 2001.
.png)
.png)
