Cutting the workers back now before shit hits the fan makes sense, as the recession is on the horizon and everybody can see it. It's not as if they can't just rehire if the recession doesn't pan out as badly as predicted.
I have to call bullshit on this scapegoat.
We're seeing FANGs killing projects that started way before the pandemic, without providing any clear rationale.
At most there's this vague excuse that the company decided to scale down investments, but internally we're seeing entire teams being written down and everyone fired without any notice, from managers to engineers.
> the recession is on the horizon and everybody can see it
Everyone seems to be simply accepting these as given. “Growth” is not some outside force that starts and stops like a faucet. Recessions can’t be predicted, although 20 out of the last 3 were. 200K above-average incomes suddenly unemployed may very well lead to a recession. What is causing what?