I have been interested to see some factual discussion about the current environment around layoffs compared to previous down turns in tech, but this isn't it. I

I have been interested to see some factual discussion about the current environment around layoffs compared to previous down turns in tech, but this isn't it. In fact this reads a little wierd. Example: > Could there be a tech recession? Yes. Was there a bubble in valuations? Absolutely. Did Meta overhire? Probably. But is that why they are laying people off? Of course not. Meta has plenty of money. These companies are all making money. They are doing it because other companies are doing it. When stock prices and earnings are down one of the surest ways to boost earnings is reducing head count. This has been true forever. It doesn't matter how much money Meta (or whoever) has, it's the quarterly numbers that matter to investors, and companies act accordingly.