/tech/ - Technology

They overhired during Covid and are shredding the excess.

It's the interest rates. The tech sector is extremely allergic to high rates because it relies on either the companies directly or VCs indirectly to impulsively borrow too much money.

>>23278
These layoffs have been happening for 2 years now.

Is the button engineering thing real? It sounds like a strawman. Here's a clear explanation for why it makes sense for these big companies to have specialists: https://danluu.com/in-house/