Hacker News Reader

But honestly, profitability doesn’t matter. All of the major tech companies were profitable and still had tens of thousands of layoffs between them.

View on HN

Layoffs in big tech are mostly to place workers in their place and shake the market, they've definitely been able to drive down salaries these past two years.

Yes - I think layoffs are also backlash against WFH.

Employees were getting a bit too uppity.

Reply on news.ycombinator.com