Salesforce's Benioff expects painful recession after market chaos

The technology industry boomed during the pandemic. Companies embraced remote-working tools, and a combination of rock-bottom interest rates, stimulus checks, and federal loans and grants boosted demand.

The rosy backdrop darkened last year as inflation spiked to a 40-year high. The Fed responded by raising rates to upwards of 4.5% andHigher rates encourage saving over spending and lifting borrowing costs, which can curb the pace of price increases. Yet they also weigh on asset prices and economic growth, increasing the risk of a recession.

Tech bosses realized they needed to revamp their strategies to reflect the"new normal," Benioff said.

Depression. What the government wants.

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Company Lays Off 8,000 While Paying Matthew McConaughey $10 Million a YearSalesforce, the firm co-helmed by the definitely not Hawaiian Marc Benioff, is the latest in a slew of tech giants to lay off thousands of employees. Curious to hear how this justified Mathew is one of them - NWO He knows about this crime I was abused in some of his movies as part of some AI (what else) I could hear his whisper in my right ear. He said - *I apologize* and they continued to torture me
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