I’d be hesitant to call this an investment mistake. It was a gamble that covid would permanently change tech consumption habits and that would create new opport

I’d be hesitant to call this an investment mistake. It was a gamble that covid would permanently change tech consumption habits and that would create new opportunities for big tech. So they hired people for those new unforeseen opportunities. maybe some of them didn’t pan out. Maybe others did but no longer need as many employees. Either way, hiring a bunch of people just to lay them off was clearly at least an option if not the main plan.