The recent layoffs are part of a business cycle that we're currently going through. Sooner or later the pendulum will swing the other way and tech companies wil

The recent layoffs are part of a business cycle that we're currently going through. Sooner or later the pendulum will swing the other way and tech companies will be hiring for high growth rate again. I guess this is the first experience of a business cycle for a lot of people in the tech sector, hence the collective "surprised Pikachu face" as the kids would say.