The bad times in global technology firms will be scary but short. And India may benefit from the disruption. the last two years, Amazon, Meta, Twitter, have been poster-kids for aggressive upscaling. They invested in new ideas and experiments, anticipating exponential growth due to Covid-fuelled demand. Amazon’s headcount doubled to 1.6 million and Meta’s grew by 55%, between 2019 and 2021. This post-Covid push on technology was fuelled by significant liquidity and near-zero interest rates sustained by central banks, especially in the US.