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Tech startups buckle under pressure of high interest rates

Name: Tech startups buckle under pressure of high interest rates
Uploaded: 2023-12-13T19:44:00-0500
Duration: 4 min 15 s
Description: Tech startups faced closures and layoffs in 2023 as the Federal Reserve raised interest rates to a 22-year high. New York Times reporter Erin Griffith joins CBS News to explain what's going on in Silicon Valley.

Tech startups faced closures and layoffs in 2023 as the Federal Reserve raised interest rates to a 22-year high. New York Times reporter Erin Griffith joins CBS News to explain what's going on in Silicon Valley.