The Second Tech Bubble Has Burst: Here Come The Mass Layoffs
// Zero Hedge
Over the past year we have diligently followed the bursting of the second tech bubble which in the space of less than one year went from the "running of the bulls" to the "mauling of the unicorns", mostly in the private markets but also - for those rare few who have made it beyond the IPO stage - in the public arena.
In the last few months, this painful reality finally hit ground zero - Silicon Valley itself, as best described in "The Mood In Silicon Valley Is Like The "Moment After The Titanic Hit An Iceberg." As the Wall Street Journal summarized it:
Some companies are ....