They laid off another ~45,000 since the start of 2024 as far as I know. Likely the dumbest thing that these incumbent companies can do - they laid off entire EP

They laid off another ~45,000 since the start of 2024 as far as I know. Likely the dumbest thing that these incumbent companies can do - they laid off entire EPDs, professionals who have a working history with each other, close links etc. Ie, in a way, they laid off entire startups that will immediately turn into their competitors and eat their lunch. And its already happening: https://www.wired.com/story/tech-layoffs-are-feeding-a-new-startup-surge/ https://www.wired.com/story/tech-layoffs-are-feeding-a-new-s... This is the dumbest thing about the destructiveness of capitalism: In its quest for ever-increasing profits, it even destroys its own business for short term profit.