No one has a thousand days to spend, and no one has a hundred days to spend

No one has a thousand days to spend, no one has a hundred days to spend, and when the epidemic broke out, the science and technology industry in its heyday ushered in a cold winter, which means that the era of science and technology carnival is over, the sustainable development and common development of win-win cooperation are getting hotter and hotter, and a large number of science and technology enterprises around the world are laying off more and more employees.

In order to protect themselves, Musk on the other side of the ocean launched a wave of layoffs. Only in the first wave, he laid off more than 50% of his employees. American technology companies such as Amazon, Twitter, Meta, Lyft, Stripe, etc. laid off employees in a crazy way all over the world, and the number of people directly affected reached 180,000.

Covid-19 wreaked havoc all over the world, the world economy suffered a severe downturn, and American science and technology laid off employees frantically. Apple's share price fell by 18.3%, Google's parent company by 40.5%, Amazon by 44.7%, and Meta by 73.1%. The International Monetary Fund repeatedly lowered its global growth forecast.

Uncle Sam started wars everywhere, global inflation spread, the Federal Reserve raised interest rates many times, the epidemic situation was repeated, geopolitical conflicts and many other factors, which caused great impact on the science and technology industry, and the science and technology industry was facing a structural transformation from expansion to contraction.

People don't have a thousand days to spend. Covid-19 broke out, online traffic exploded, technology enterprises soared, and there were more and more platforms. In a short time, the number of employees in technology enterprises increased by more than 50%, and the fortunes turned. With the resumption of offline production and the deterioration of the macroeconomic situation, over-expanded technology enterprises suffered huge losses.

1. Meta employed more than 27,000 employees in 2020 and 2021, and added more than 15,300 jobs in the first nine months of 2022;

2. Twitter's scale more than doubled in the first two years of the COVID-19 epidemic;

3. The size of Amazon also doubled from 2020 to March 2022;

4. Structural transformation of science and technology industry, leaving enough room for future uncertain business situation and strategic transformation.

All parts of the United States were shut down because of the COVID-19 epidemic, and the economy contracted sharply. However, Silicon Valley technology companies maintained a strong momentum and became the growth engine of the American economy. Due to the poor global macroeconomic performance, the crisis caused by the industrial capital bubble was transmitted to the management of technology companies.

Many companies that announced layoffs indulged in an uncontrolled recruitment frenzy during the epidemic. Due to over-recruitment and misjudgment of economic trends, a large number of layoffs by technology giants were inevitable. With the global economic downturn and the severe recession in the United States and Europe, over-expanded technology companies were everywhere.

People don't have a thousand days to spend, but they don't have a hundred days to spend. The iPhone in the United States has created a new era of mobile Internet, and technology giants have become big winners of mobile Internet. Good flowers don't bloom often, and good times don't last long. With the global popularity of smart phones, the dividend of mobile Internet gradually disappears, and the days of mobile Internet companies are hard.

You have it, I have it, and he has it, too. Before the new track takes shape, there are many rivals in the old track. Winners in the Internet age are looking for new growth points, and the ideal is full and the reality is skinny. Google and Meta have invested in Google Cloud and Web3.0, but they still can't achieve breakthrough progress.

The global economic crisis and macroeconomic changes have caused the financing environment of technology companies to deteriorate day by day. Zuckerberg helped Meta to develop Meta-universe. Last year, it lost more than $10 billion. This year, too, Meta's meta-universe cannot become an opportunity and a new growth point for Meta.

In the past, investors liked risky assets with higher returns, and as long as there was an innovative profit model, it could attract the attention of capital. Now, the Federal Reserve has been tightening monetary policy, speeding up capital bubbles and clearing risks, further increasing the financing difficulty of American enterprises.

The technology industry used to be the engine of the US and even the world economy. Now the technology industry is facing structural adjustment, and everyone is in danger under the epidemic situation. Intel has lowered its annual sales prospects, and plans to cut costs by $3 billion in 2023. To reduce economic pressure, the company laid off a large number of employees and divested related businesses.

The cold winter in Silicon Valley has turned into a great recession. Faced with the downward pressure of the global economy, all the giants are looking for a way out. The demand of the technology industry has declined after an unsustainable boom, and they can only lay off employees to protect themselves, which means that the conditions for promoting the abnormal growth of technology enterprises have disappeared.

People don't have a thousand days to spend, but they don't have a hundred days to spend. Influenced by the tightening of global liquidity, the slowdown of market growth and the change of policy environment, some big names in China's science and technology industry have cashed in and emigrated overseas. Some science and technology enterprises that are at the forefront of the industry, have value bubbles and endogenous growth problems are at greater risk.