> “We should expect this to also be true in business. A lot of companies were hiring during the pandemic, so everybody decided to hire. Now, companies are laying off, and everybody decided to follow each other and lay people off. A lot of this is just imitation.

maybe companies had increased demand during pandemic? and companies selling cloud service saw more demand because zero interest rate policy mean more businesses want to take loan and spend freely on cloud infrastructure? Or maybe businesses spend freely online advertising? now rate continue to climb. world is different. cheap money regime no longer reality.

this opinion piece not even close to reality. written by someone who appear not to understand how businesses work. maybe private company should function like government apparatus and keep unnecessary head count, as long as it mean profit not negative? maybe next year we just increase taxes and continue pumping money because business is just a massive charitable jobs program for ceo to get re-elected? yes rhetorical statement.

with rising rate and no end in sight, proper thing to cut excess fat from businesses. focus on value and trim out moon shot idea or area in business that not give revenue. good to prepare and do EARLY and not wait to when company already bleeding.

the truth in situation is many tech company especially big tech have massive grift executing at scale. workers who paid hundreds of thousands of USD in salary plus stock compensation to not do meaningful work. fake economic class of worker.

musk pulled mask off this grift and everyone else followed. good on them. does this author realize 70% or more of Twitter employee fired. Twitter still work for me decent. See more new features now than last 6 year. so exactly what “critical” job all these people have?