[zmnd]

You are saying that they are not directly involved in generating "value" and then saying that bad decisions result in huge losses. That just doesn't compute. And how do you know that laid off people "directly" involved in generating value? E.g. many (most?) recruiters are awesome, but there's not much value to generate when there's no hiring.

If layoffs are the result of bad management, does it mean that there's no good management in tech, since everyone is doing them?