The news of the technology (or tech) sector getting a big hit is everywhere, and so is the subsequent layoff news that followed: Meta had laid off some 11,000 jobs; Twitter had axed around 3,700 (though some may had left due to their own volition)1 and our locally based Sea Ltd had cut around 10% of its workforce for the past six months2. 

Even earlier in late 2020, China had begun its tough regulatory measures such as antitrust and data security on its own technology firms e.g., Alibaba and Tencent3. Though signs of easing were seen since June 2022, the continued Covid-related lockdowns dampened the recovery.

Flashback to the onset of the pandemic around two and a half years ago, tech stocks were seen as the darlings and the “new world order” in the post-pandemic world, in which even myself had held that opinion (and still has). Prices of technology