[dccoolgai]

Another big factor (that doesn't get as much attention because it's wonkish) is the section of the TCJ Act of 2021 that forced software engineering to be amortized over 5 years instead of written off as an expense. Absolutely responsible for a huge pct of layoffs in 22 and 23.

[mint2]

Isn’t it of 2018, not 2021?

[muzz]

Of 2017 technically, although it was passed right at the end of the year.

This legislation is colloquially known as the "Trump tax cuts"