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It feels weird to me to read about the tech sector having mass layoffs.
I first read about them months ago, where the general understanding (among sources I read) is the general contraction of the tech sector, perhaps back to sanity, perhaps back to par with other large companies. There even is a tracking website going back to the beginning of Corona: http://layoffs.fyi/ — some of the tracked companies are just startups that, like any company, can fail. But GoFundMe laid off 12% at the end of October, and you just need to keep scrolling to see more names you might know.
So why are we hearing about tech sector problems now? I knew about these hiring freezes and impending reviews MONTHS ago. Do we just have a perfect storm now that the media can blame it all on Elon Musk? Now the media can have headlines like “Meta follows Musk, lays off employees” so people can put blame on Musk?
Or am I a cynic and misreading the numbers?Published in