[eloisant]

The saving isn't that obvious because they might need to hire contracters (sometimes even the same worker) to make up for the lost workforce.

Also severance packages are expensive! In addition to all the costs associated with a big layoff plan like this one.

[marginalia_nu]

Probably more about sending a message to anxious tech-shareholders than anything else. 2023 is not the right year for a tech investment to appear to hemorrhage money.

[nibbleshifter]

> Probably more about sending a message to anxious tech-shareholders than anything else.

That's basically the whole deal.

You have to be seen to be cutting costs, to assuage the board and shareholders that you are performing your duty.

Layoffs are an incredibly easy way to do that.