All the layoffs announced (sans the Musking that just happened) are in line with normal annual attrition plus a bump given the huge hiring spree during the pand

All the layoffs announced (sans the Musking that just happened) are in line with normal annual attrition plus a bump given the huge hiring spree during the pandemic to meet pandemic demand. I’ll bet $20 if you took HC growth prepandemic and straight lined it through to today inclusive of layoffs you would see normal YoY growth between those two points, which an aberration in 20/21 of high hiring. I think you’ll see a bit of party hangover and if the whole economy sinks it’ll get worse. But overall I’ve not observed any material structural shift in the world or in tech, unlike say the dot com bust or the global financial crisis. There’s some cold spots though like real estate tech that’ll probably go through a tough time. I think a lot of folks here have never been through a down cycle before though and anything that’s not frantic growth and double digit comp growth YoY will feel like a nuclear winter.