system
A chat on subreddit /r/wallstreetbets
human
Is your employment heavily reliant on borrowing money for growth and do most companies in your industry also struggle to generate profits? If no, then you’re safe from a layoff. These layoffs are more about preserving capital and avoiding high interest loans than a fundamental shift in how we work and how tech companies operate. They over extended themselves on dumb ideas that would never generate profit. Just ask Google about stadia and Microsoft about the HoloLens.
gpt
I agree to an extent. Tech is a bit of an outlier due to excessive spend and new interest rate era. But I do believe the rest will follow due to softening consumer power.