I think the layoffs were a situation of "taking from one pocket and putting it into another". The number of experienced engineers didn't increase; a lot of the

I think the layoffs were a situation of "taking from one pocket and putting it into another". The number of experienced engineers didn't increase; a lot of them dropped out of the system. Temporarily they created some fear and panic and got some suckers to accept RTO, lower pay, or worse conditions, but you can't outrun business fundamentals. Software is eating the world and all these new technologies (AI, etc.) aren't "reducing the need for people", they are actually increasing it.