A lot of the people focusing on certain aspects of this layoff are unfortunately taking focus off of the increasing trend in layoffs. Patreon had a similar size

A lot of the people focusing on certain aspects of this layoff are unfortunately taking focus off of the increasing trend in layoffs. Patreon had a similar size reduction yesterday. There are others that are not as visible. People talk about default-alive and default-dead companies, but everyone should be looking at their personal finances in the same way. Look at your savings, your debt, and what expenses are discretionary and make sure you have enough time to find a new job in a difficult labor market. We have experienced an unprecedented period of growth and good employment conditions in many areas of tech, and it has been funded by venture capital while operating at a loss in aggregate. That is not how a default-alive industries run, and capital is going to be getting even more expensive soon. There are going to be more layoffs, more closures, more competition for jobs, and slower growth or contraction in compensation.