Outside of the obvious mentions, including section 174 changes, I think that layoffs have caught on like a contagion and a bunch of mediocre managers and execut

Outside of the obvious mentions, including section 174 changes, I think that layoffs have caught on like a contagion and a bunch of mediocre managers and executives are borrowing from an outdated 80s layoff playbook. The reality is that layoffs disconnected from a larger strategy (like discontinuation of a product line) are typically disastrous and highly predictive of underperformance relative to companies that didn’t perform layoffs. What typically happens is companies hire back the folks they let go very quickly with a huge dent in morale long term. The concerning thing at this point is that general layoffs are so in vogue that they’re depressing tech wages. Few executives actually take any real responsibility for their overhiring either, the best you usually get is some generic I’m sorry followed by fat bonuses.