Startups face grim holiday season as layoffs, closures mount

In a year when much of the tech industry has pulled back on spending, startups have been hit particularly hard. During the pandemic boom, investors were happy to bankroll promising young companies’ growth at any cost. Now, with new funding rounds all but evaporated, the order of the day is cuts. Read full story

Source : https://www.thestar.com.my/tech/tech-news/2023/12/18/startups-face-grim-holiday-season-as-layoffs-closures-mount

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