[sokoloff]

> FAANGs are slowing down hiring because they used PPP money to overhire and are now trimming down the fat.

Do you have any evidence that any FAANGs took PPP money to overhire? I searched the PPP loan datasets (using fairly terrible online tools) and couldn't find any instances that would be aligned with your claim above. Did I miss some?

[sangnoir]

FAANGs overhired because they incorrectly assumed that the lockdown-induced revenue increase was the new normal.