As the economy stalls, big tech companies prepare for tougher times

The pandemic fueled a tech boom, but now tech companies are scaling back hiring and hunkering down for a tougher economy than expected.

ASMA KHALID, HOST:

For another indication of what the slowing economy means for businesses, let’s look to Silicon Valley. The pandemic fueled a tech boom. But this week, many of those same companies said they’re hunkering down for tougher times ahead. I asked NPR tech correspondent Shannon Bond to tell us about the mood in Silicon Valley right now.

SHANNON BOND, BYLINE: Well, rather than me tell you, why don’t we hear from the CEOs of Facebook, Apple and

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