[kybernetyk]

> It gets to the point where it's hard to even know what to say about the nth tech layoff announcement.

Investors don't get free helicopter money, thus they can't pump money into startups/tech companies thus companies have to cut the dead weight. There will be more lay offs coming - because the free money economy is currently suspended.

[figassis]

This has always been true, in good or bad economies. But There was a culture of throwing money away with insane valuations and insane financing rounds. It always seemed to me that all those things that these startups were doing at $X rounds, could be done at $X/10. But they gave $X, and supported insane hiring, now they're firing people they should not have hired, some of which maybe have issues such as long term healthcare needs, debt, etc and could have gotten more stable jobs elsewhere had they known these companies didn't really need them but were just flexing. Seems to me that this "responsibility" should be enforced by some labor protection laws.