The companies like Google, Microsoft, Amazon, etc. also having major layoffs are not and have not been running at a loss for a long time. Most of these layoffs

The companies like Google, Microsoft, Amazon, etc. also having major layoffs are not and have not been running at a loss for a long time. Most of these layoffs are driven by shareholder demand. I suspect this will be a bit like 2008 where tech companies pulled back and then realized it was a huge mistake and went on hiring sprees again after a year. Twitter just posted a 40% or so reduction in income this quarter. It seems way too early to say they didn't need all the people they laid off. From everything I see their ad revenue is cratering from poor targeting, reliability, etc.