No, just crap companies that you don't really need. Companies that have products with actual users rather than novelty items or pure convenience will be around for a long long time because they are profitable.

While it's more pronounced in tech, it's not just tech. Lots of old economy companies tightening their belts as well based on anecdotal stories I've been hearing in the last year.

Since it's happening without the greater economy collapsing, it's actually bullish. The market cleans house sometimes and comes out stronger.

Consumers have less purchasing power each year that goes by. I wouldn't bet my career on consumer tech in the long run.

Saw an analysis of game sales on Steam for 2019 recently. Way, way down compared to 2018. Yeah, sure, it could be everybody is busy working, but it didn't look good.