#Tech #youtube #stockmarket
The tech space had a difficult time last year, with companies like Meta (META), Amazon (AMZN) and Microsoft (MSFT) grappling with economic headwinds and mass layoffs. IBM Vice Chairman Gary Cohn told Yahoo Finance Live that the sector “understood that we were going into a tougher economic situation.” “We’ve seen the technology sector taking pretty aggressive action in rightsizing their companies; trying to figure out where the economy is going,” The Former Director of the National Economic Council explains. “And the market has responded,” he continues. “Technology has been a good place to be so far in 2023,” Cohn says; adding “I think the biggest companies at the end of the day will be the winners in this space.” You can watch Julie Hyman and Brad Smith’s full interview with Gary Cohn here. Key Video Moments:
00:00:02 – Tougher economic situation
00:00:56 – Tech rightsizing
00:01:24 – Tech is a good place to be in 2023
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