I kind of agree but on the other hand it’s not so simple. Layoffs aren’t instant and their negative effects on morale and employee work can last a long time. It

I kind of agree but on the other hand it’s not so simple. Layoffs aren’t instant and their negative effects on morale and employee work can last a long time. It can also be hard to identify the right people to lay off so companies are likely to make the wrong choice in many cases. So on one hand yes it makes sense to splurge when money is cheap and then cut back when it isn’t, on the other you may cause long term damage to your business doing this too much. I think tech companies probably overdid it the past few years.