All the layoffs are because the PPA money finally ran out. Biden pushed that out as far as he could so the economy “looked” better than it was for the midterms. Now, he has is corporate cronies are ejecting “excess employees” and dead weight as fast as possible.
That’s a very good observation.
This will snowball into a huge recession, starting in California..................
Maybe some of these companies will learn that having and spending Millions in “diversity and Inclusion” VPs, directors, coordinators, staffers does NOT actually help the bottom line?
They’ve been living large in silicon valley for a couple of decades now, long before PPA. The technerds had them convinced that they were all indispensable and deserved special perks. Musk is proving that’s far from the truth.
Webdev kids fresh out of college have had entry level pay near six digits or even into six digits depending on their area of expertise. Even without a degree, someone who can code can make $80k. They have coding boot camps that are a few months long.