This article has a broad title but focuses on layoffs. I've seen the theory thrown around that it's a form of big tech collusion: They can't collude openly, but

This article has a broad title but focuses on layoffs. I've seen the theory thrown around that it's a form of big tech collusion: They can't collude openly, but if one huge player makes a move like layoffs, it sends a signal to the others. Pandemic and work-from-home gave employees a lot more bargaining power, with the ability to get competing job offers without leaving their desks, so companies want to take that back. I don't see enough evidence to call it, but I wouldn't put it past them, given how several big players including AAPL and GOOG were caught and fined for making no-cold-call agreements several years ago. And it does seem like the tech scene has been less competitive lately on the consumer side.