Well as recent layoff rounds seem to suggest, big companies are discovering they don't really need that many people. It will be interesting to see this confirme

Well as recent layoff rounds seem to suggest, big companies are discovering they don't really need that many people. It will be interesting to see this confirmed in numbers next year but I expect most of these companies will remain profitable, show some growth, etc. It will also be interesting to see if they will cut some more after this. I mean, if this works, why stop? IMHO, the cuts so far are pretty modest and careful. I think Elon Musk is showing with Twitter that you can cut much deeper before it really becomes problematic. Most of these companies are offsetting their lack of efficiency with insanely fat profits. So, they keep on adding people without much consequence. E.g. Google is pretty much printing money to the extent that it almost doesn't matter what they do technically anymore. They actually burn billions on one doomed new initiative after another. Most of these are shut down before any meaningful ROI happens. The money they save with recent layoff rounds is a rounding error compared to their revenue. Their real challenge is finding ways to increase that revenue.