It's interesting that our layoffs were just delayed 2.5 years, though out of overinvestment rather than necessity. One fear for the broader economy is that the

It's interesting that our layoffs were just delayed 2.5 years, though out of overinvestment rather than necessity. One fear for the broader economy is that there's a lot of money that wasn't made in tech this year that was made last year. Not just layoffs, but a drop in RSU values. When essential workers were laid off in the spring of 2020, it was easier to absorb the economic hit and provide government support because they didn't make that much. Now we have tech workers cutting back massively on discretionary spending after seeing their TC drop by 25% (or 100%). Normally I'd ask where tech workers spend their money and try to short that, but the main answers I have are housing and Teslas.