[FartyMcFarter]

IBM has laid people off. Some companies like Uber, Lyft and Airbnb laid off a lot of tech people (even if the extent of their status as "tech" companies is questionable).

Some governments are pledging support to startups, which is indicative of some trouble: https://sifted.eu/articles/startups-government-support/

Anecdotally, I'm also hearing that startups are having a hard time finding funding, which isn't surprising in the current cautious financial climate.

[joelbluminator]

Yes, I hear the anecdotes as well. I guess a lot depends on what happens in the fall/winter corona-wise. If it declines and doesn't come back you could make the case for a relatively quick recovery.