These layoffs are precisely intended to suppress tech employee wages, which like any other sector, have remained fairly stagnant for the last 5 years. > collus

These layoffs are precisely intended to suppress tech employee wages, which like any other sector, have remained fairly stagnant for the last 5 years. > collusion is not needed It's not explicitly needed. However, rest assured there's a mutual understanding among all big tech executives that the next few years are going to be incredibly profitable for them. Think about it. They can do layoffs as many times as they want. This forces lower wages. They can still use inflation, the pandemic, the recession, and war as an excuse to keep raises low (or non existent). They can keep current employees in fear for several years.