With Elon Musk buying over twitter and announcing sweeping changes including layoffs affecting about 50% of it’s employees to reduce cost and turn profitable, the nightmare has just began for the tech industry as Stripe and many other tech companies are either preparing for hiring freezes going into 2023 or planning layoffs including Big Tech. It’s crazy how the interest rate hikes and earnings results have brought such a huge blow to the tech industry, from the huge waves of record earnings in 2020 and 2021 to the incredible hiring packages offered to tech hires, it’s crazy how things are changing for the worse just within the span of less than 1 year. Although I recently wrote an article on my pay raise, my manager just also brought up that there will be some reviews going on and is also unsure if anyone will be affected by it. I guess we can only wait and see how it goes....