[commandlinefan]

Nobody likes to hear it, but this is the only explanation that makes sense. We had an unprecedented economic shock, and we're dealing with an unprecedented economic fallout. The only question is how much longer it will last.

[an0malous]

The timeline also matches up exactly, the Fed started raising rates in Q1-Q3 2022 and you can see the largest spike of layoffs happened Q1-Q3 2022:

https://tradingeconomics.com/united-states/interest-rate

https://layoffs.fyi/

ChatGPT wasn’t released until the end of 2022, and it wasn’t until the next spring where it really started to take off. Spring 2023 is when ChatGPT started to gain traction as a direct to consumer app and it wasn’t until later in the year when startups started building on top of it.