[dsotirovski]

Fair point!

> And when some people do layoffs, everyone does them. They're all subject to the same market pressures in the same industry. One company doing them gives all the other companies in the sector permission to do likewise. If a company doesn't follow suit the market might even start to question why.

I'd like to try and simplify this - it's simply the new "normal" and companies can get away with it(meaning the labor side does not punish it, yet - no unionising etc). In the EU layoffs like this are not as easy to pull off by companies.