Describing the tech sector's current job cuts, Joint Venture Silicon Valley's CEO said the valley is experiencing more of an adjustment than a crisis.
"They hired so many people during pandemic, now they're questioning if this is the same momentum of the purchasing and online activity is going to continue," San Jose State engineering professor and tech expert Ahmed Banafa told ABC7 News. "Time just told us- we have seen that is not the case."
"The tech employment in Silicon Valley is actually based on three companies which is Apple and Google and Meta or Facebook," he said. "There are more companies."
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