There are many good reasons for lay-offs, for example, in the case of Twitter, as they would have run into cash flow issues without them. However, the recent la

There are many good reasons for lay-offs, for example, in the case of Twitter, as they would have run into cash flow issues without them. However, the recent lay-offs appear to be copycat behaviour. All the companies had plenty of cash, good revenue, and staff turnover rates multiple times the lay-offs. A hiring freeze would have been sufficient. Most of the companies affected are still hiring and will likely ramp up hiring again towards the end of 2023 if a recession is avoided. As flagged up by other commenters, there is still plenty of cash for events, execute flights and other excesses.