There's something at play here that I haven't seen anyone talk about: we have a LOT of new talent entering the tech industry in the last 5 years. On average, t

There's something at play here that I haven't seen anyone talk about: we have a LOT of new talent entering the tech industry in the last 5 years. On average, the quality of devs, PMs, designers, etc has gone down in my experience. Companies expanded massively and when we ran out of seasoned employees, we started to hire people with very low qualifications. I think a lot of these layoffs are driven by correcting not only for increased headcount, but for decreased quality. A lot of tech companies are looking to up their average employee by culling the bottom performers.