Thank you, this is a great link. > "The tech industry layoffs are basically an instance of social contagion, in which companies imitate what others are doing.

Thank you, this is a great link. > "The tech industry layoffs are basically an instance of social contagion, in which companies imitate what others are doing. If you look for reasons for why companies do layoffs, the reason is that everybody else is doing it. Layoffs are the result of imitative behavior and are not particularly evidence-based. I’ve had people say to me that they know layoffs are harmful to company well-being, let alone the well-being of employees, and don’t accomplish much, but everybody is doing layoffs and their board is asking why they aren’t doing layoffs also." For most business people I come across, 80% of decisions of behaviour is imitating what other business people do. There is no rigourous fundamentals behind most of it