These types of things are almost always corrections. A granola bar company blows up and hires 500 employees in two years and builds out a massive office and get

These types of things are almost always corrections. A granola bar company blows up and hires 500 employees in two years and builds out a massive office and gets funding. 2-3 years later the same vcs say hey you are not having hockey stick growth. Time to cut costs and lay folks off. At any given point at any major city there are a half a dozen to a dozen of those company corrections happening at once. When talk of a recession happens a few of the companies that might have been given a bit more slack are told to shape up earlier. So many of these are companies that boomed during covid and now are correcting.