If you look at most of the headcounts from companies doing layoffs - you'll see that they're still sitting around the 2021 numbers after accounting for the cuts

If you look at most of the headcounts from companies doing layoffs - you'll see that they're still sitting around the 2021 numbers after accounting for the cuts. So basically - we had a large glut of hiring during covid in tech as demand was high for those products and services (being in lockdown certainly helped) and now we're seeing a relatively minor adjustment back down. Given the increased interest rates and the slump in demand - I think we're actually still well on the light side of the possible wave of layoffs. I think the reporting is still in line with the gloom and doom headlines that attract attention. Basically - they're reporting much more on the tech layoffs because it garners views. The increase in tech hiring was just as hard - and while it did get media attention, it was not nearly as intense and recurrent.