-
Many tech companies have frozen hiring, cut costs, and laid off employees over the past several months which is unusual for these giants.
-
Inflation at a 40-year high push spending towards necessities and away from luxury items.
-
Tech firms may be forced to prioritize their core businesses and pull back on riskier spending.
-
These major tech companies have a significant impact on the economy, and the upcoming week’s earnings reports should prove to be interesting for the market and their future.
Three big techs Q3 earnings dates: GOOGL 10/25/22 after market close; META 10/26/22 after market close; AMZN 10/27/22 after market close; AAPL 10/27/22 after market close.
https://www.sofi.com/article/market-news/earning-season-will-big-tech-short-circuit/
