Hows the industry doing in MENA right now? Any worries about a potential crash? Are firms still hiring? Based in the US and everything is tense here with the recent tech layoffs

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US tech layoffs are primarily concentrated in very few companies. Mainly related to crypto-crash. Metaverse deflating as a concept. And uptick in physical commerce at expense of e-commerce.

So crypto companies have laid off
Metaverse aligned companies have instituted hiring freezes
E-commerce have cut hiring headcount but haven’t laid off

Twitter is an outlier because they are in a buy-out drama and have instituted a manpower freeze


Everything else, and I sincerely mean EVERYTHING ELSE is still hiring like crazy, future headcount projections have not dithered at security, IT, manufacturing, telco, or defense.

I doubt this will affect much in MENA.
But who knows.

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Spot on.

Companies that were effectively running on credit lines are having to cut jobs. Now that these credit lines are no longer ‘cheap’ they actually have to deliver on a positive cash flow.

Seems fine

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Basically no effect in MENA as minimal consulting tech work here and visions 20xx are going strong

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Following since I am interested in a move

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