I imagine that I'm not the only one doomscrolling through the list of layoffs and wondering who's next.
As far as I can tell, the situation stems from a few things:
1. the VC moneyhose drying;
2. rebalancing after over-hiring during quarantines;
3. investors pressuring companies, large and small, to increase benefit margins;
4. contagion, with B2B tech companies having difficulties finding clients / getting paid.
Alright, that's bad for many HN readers. This impacts ability to work remotely, salaries, H1B, and the difficulty to find a job at all.
Now, what's next? Do we have any reasons to believe that tech sector jobs will recover?
Or that this will snowball? And would a recovery take 3 months? 3 years? And what would it look like?
