All the layoffs aren't an indication we're nearing a recession? Yes unemployment is currently low but I see that turning around in a big way imminently
The rest of the economy appears to be doing just fine.
Since tech has had many years of growth while the rest of the economy has suffered don't expect much sympathy for laid-off tech workers.
Expect the pain in tech to get worse, much worse, before it gets better.
------
PS. Facebook is on round 2 of layoffs.
Not quite yet, but certainly by mid-April.
No. The layoffs are really just in tech, and a fairly specific subset of tech companies at that. They are happening as a result of poor hiring decisions those companies made (hiring too many people).