Vimeo is laying off 11 percent of its workforce in another round of job cuts

One thing that I am noticing about the round of layoffs in the last month[1] is that it seems like they are cutting a small fraction, around 10%. There are outliers of course.

I don't know how to interpret that in terms of the bigger economic reality, but it seems encouraging. Small cuts are companies trimming down a bit and planning to keep going through 2023. Probably realized things were not right around the yearly financial projections. If the economy picks up, they will probably get right back to hiring

[1] https://layoffs.fyi/

Company's leadership and business model was talked up early last year - https://news.ycombinator.com/item?id=30743371