[satvikpendem]

I doubt it's conscious collusion, it seems more like network effects: if everyone around you is dropping employees, it makes sense to do so at the same time so you don't get negative media coverage were you to do it independently. If you do it now, it just seems like you're following the crowd.

So while it might seem like active collusion, it's more than likely just emergent game theoretic behavior.

[MuffinFlavored]

> if everyone around you is dropping employees

Who was the first person to kick it off? Microsoft? Google? Meta? Meta had a reason because their stock tanked due to Apple's privacy changes or whatever.

[wkat4242]

I think it started with the YCombinator letter in may last year: https://techcrunch.com/2022/05/19/yc-advises-founders-to-pla...

I think the economy didn't go as bad as they thought though.

[MuffinFlavored]

what's your personal take: we're in a recession (the beginning, the middle, the end?) or it hasn't even started yet? how long until it starts? how long will it last?

[MonkeyClub]

A couple of months back I posed the same question, and a mob came out of the woodwork denying any recession.

Then we started having news of thousands of layoffs every couple of weeks.

I too wonder how the perception has changed in the meantime - and what the effect of a tech recession/layoffs spree will be on the general economy and real businesses.

[sph]

We are in the recession but the media and political world are so scared of it they keep saying we're on the verge of it, for months. Or they blame COVID or the war in Europe.

So everybody now believes that until it is called as such, everything is fine.