Tech hired way more than any other sector during the pandemic, and is now reverting to the mean. It sucks for us but means little about the broader economy.
the layoffs are just a way to clean house while remaining roughly the same size.
I'd really like to know why there's such a huge different between e.g. the US, UK and Denmark. It may have to do with declining population in Denmark. Or maybe US companies over-hired, because they could, but those people would have had to go somewhere else.
[1] https://www.dst.dk/da/Statistik/emner/arbejde-og-indkomst/be...