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Corporations are like schools of fishes. They all swim in one direction until suddenly they swim in a different direction. So rationally - no. Practically, in

Corporations are like schools of fishes. They all swim in one direction until suddenly they swim in a different direction. So rationally - no. Practically, in terms of social signalling - very probably. Many c-suites will use this as an excuse to offer lower salaries. Even though the numbers are tiny in absolute terms, there will be chilling effect across tech in general, especially in the usual hot-spots - Bay Area, Seattle, maybe London, etc. I'm not sure I'd expect a Tech Recession yet, but there are omens of a much wider recession which may well include tech.

pm90 4y ago
My opinion here is that tech companies are generally a lot more data driven and quicker to move. So I see these layoffs as them taking the possibility of a recession seriously and being well prepared for it when it does happen. This kind of graceful termination is preferable to sudden, forced changes caused by external events, such as a stock market crash or a company going under (e.g. Lehman going under in 2008).