I feel like you are probably right on these layoffs. There's obviously a lot of startups that just will never make money, because, for lack of a better word, th

I feel like you are probably right on these layoffs. There's obviously a lot of startups that just will never make money, because, for lack of a better word, they are dumb. However, there is an absolutely unprecedented amount of mostly permanent demand destruction with consumers happening right now. The tech industry will be among the last to really feel it as it ripples through to business customers, but I think it will hurt badly.