"Real reasons" suggests a conspiracy. Macroeconomic times changed and some companies were operating grossly inefficiently in terms of spend (Meta). Other compan

"Real reasons" suggests a conspiracy. Macroeconomic times changed and some companies were operating grossly inefficiently in terms of spend (Meta). Other companies emulated to take advantage of the times and to appease stockholders. This is what a contraction cycle looks like. It would behoove companies to run more like Apple in the one aspect of not overhiring and avoiding hiring freezes.