This is a deeply flawed premise. Tech sector grew headcount by like 100% over a couple years, and then did layoffs of 5-10%. They still have massively more employees today than they did pre-covid.
People are significantly overreacting to the current layoffs and ignoring all the massive hiring spree of the last 3 years. If you hire 100 people and then layoff 8, the narrative shouldn't be that the end is nigh.
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This is a deeply flawed premise. Tech sector grew headcount by like 100% over a couple years, and then did layoffs of 5-10%. They still have massively more employees today than they did pre-covid.
People are significantly overreacting to the current layoffs and ignoring all the massive hiring spree of the last 3 years. If you hire 100 people and then layoff 8, the narrative shouldn't be that the end is nigh.