There's a really good general rule - if someone says it's not about the money, it's literally always about the money. Tech layoffs from my perspective were abo

There's a really good general rule - if someone says it's not about the money, it's literally always about the money. Tech layoffs from my perspective were about many companies hiring in 2021/2022 in line with the explosive growth they saw during COVID. They hired in accordance with the new trend instead of the longer-term trend. Once we reverted to the mean, most tech companies had too many employees. Because all the tech companies were chasing the same employees, each individual employee was paid more than historical average too so it was a double-whammy. It's not about lowering individual salaries it's about lowering aggregate salary expenses. But doing one will cause the other, too.