Ask HN: Layoffs – how bad are things really?

I've been removed from Tech over the past year or so. How bad are things really?

1. Is this just companies trying to reset the pandemic-era tech salaries and inflated workforce to sustainable levels?

2. Is this a sign of a prolonged recession and hiring freeze signalling the end of the software tech boom?

3. Are those that are getting laid off finding jobs (even if it means reduced compensation)?

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Is there a way to attribute a significant part of the slow down to any particular event (Pandemic, War, Crypto crash)?