we don't know how much each factor contributed to the sh*tstorm but it all came at once: Covid over-hiring, high hopes for LLM efficiency gains, S174, interest

we don't know how much each factor contributed to the sh*tstorm but it all came at once: Covid over-hiring, high hopes for LLM efficiency gains, S174, interest rate hikes, mass layoffs (do you really want to go against the crowd and hire when everyone is laying off?).