Last year the technology sector was down roughly 27% due to high inflation and interest rates. Tight monetary policy has significantly limited growth forecasts, and slowed down new startups. While some positive performance has returned to start the year, mass layoffs have instilled additional fear in the eyes of investors. According to TechCrunch there have already been over 150,000 layoffs in the first 3 months of this year and there are no signs of it slowing down. Large and small cap companies alike are experiencing the pain of having to let employees go.