[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.