I don’t have any special sympathy to execs, but aren’t these tech layoffs driven by the abrupt increase in interest rates? Even if execs could have seen this co

I don’t have any special sympathy to execs, but aren’t these tech layoffs driven by the abrupt increase in interest rates? Even if execs could have seen this coming 6 months before the rate increases, there probably still would have been significant layoffs and of course not even a quorum of top economists were predicting these impacts on tech at that time. If the idea is “exec heads should role out of solidarity/catharsis/whatever” then that’s a different question than “someone failed to prevent this from happening”. Apologies if I’m misunderstanding the root causes of these layoffs.