The "ZIRP" meme is way overdone by now. ZIRP doesn't explain much. Interest rates had been rock bottom since the 2008 crisis, were already quite low since the 1990s, and are still not very high today.
IMO the "vibecession" meme explains what's going on within tech a bit better. Tech CEOs and VCs have decided that the tech industry had to shrink, notwithstanding that the wider economy was and is doing fine.
IMO the "vibecession" meme explains what's going on within tech a bit better. Tech CEOs and VCs have decided that the tech industry had to shrink, notwithstanding that the wider economy was and is doing fine.