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Microsoft and Google Bring Bad News for the Economy

The second-quarter corporate-earnings season is in full swing. And Big Tech, wanting to avoid unpleasant surprises, isn’t waiting to tell investors how a sharp economic slowdown could hurt its performance in coming months.

The tech industry also seems to indicate that it is not too optimistic about the state of the economy.

“We’ll be slowing the pace of hiring for the rest of the year, while still supporting our most important opportunities,” Google (GOOGLE) – Get Alphabet Inc. Report Chief Executive Sundar Pichai wrote in a memo to employees on July 12.

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