[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.