Last year, the tech industry saw some of its shiniest “unicorns” falter and even implode. For example, WeWork (which critics argue is actually a real-estate company that pretends it’s a hot tech startup, but bear with us) planned to cut thousands of workers after its IPO melted down.
https://insights.dice.com/2020/01/06/technology-job-cuts-rose-351-percent-in-2019-report/