Will the technology sell-off put an end to the data center construction boom?
High inflation, rising interest and plummeting stocks are taking a toll on Big Tech.
Meta, the parent company of Facebook, Instagram and WhatsApp, axed 11,000 jobs this month. Meanwhile, Amazon rang in the holiday season by announcing 10,000 layoffs of its own. Other big names, including Snapchat, Lyft and Twitter also slashed workers.