Maybe. I think the main driver is more boring. It's yet another opportunity for investors to make a bunch of money with yet another short-sighted play that throws actual workers under the bus.
Whether or not fat is trimmed like you say feels more like a side effect of a classic Silicon Valley cash grab. Investors don't give a shit who has to go, they tell their VPs to tell directors to tell managers "pick 4 to keep, the rest have to go" and that is what they do.
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Maybe. I think the main driver is more boring. It's yet another opportunity for investors to make a bunch of money with yet another short-sighted play that throws actual workers under the bus.
Whether or not fat is trimmed like you say feels more like a side effect of a classic Silicon Valley cash grab. Investors don't give a shit who has to go, they tell their VPs to tell directors to tell managers "pick 4 to keep, the rest have to go" and that is what they do.