https://www.siliconvalley.com/2022/12/17/editorial-techs-long-term-future-looks-bright/

2022 will hardly be remembered as a banner year for the tech industry. The global economic downturn has Bay Area firms reducing their operating costs. All told, tech companies, including Meta, Oracle, Microsoft and Twitter, have made 8,512 job cuts in the Bay Area since October.

Sadly, the outlook for 2023 doesn’t look much better. But the industry’s long-term future looks considerably brighter, thanks in large part to the efforts of an unlikely source — Congress.