I'd suggest the bigger factor in those layoffs is the money was made in earlier covid years where money was flowing and everyone was overhiring to show off record growth, then none of those employees had any justification for being kept around and were just a money sink so they fired them all.
Not to mention Elon publicly demonstrated losing 80% of staff when he took over twitter and - you can complain about his management all you want - as someone who's been using it the whole way through, from a technical POV their downtimes and software quality has not been any worse and they're shipping features faster. A lot of software companies are overstaffed, especially Google who has spent years paying people to make projects just to get a PO promoted, then letting the projects rot and die to be replaced by something else. That's a lot of useless work being done.
Not to mention Elon publicly demonstrated losing 80% of staff when he took over twitter and - you can complain about his management all you want - as someone who's been using it the whole way through, from a technical POV their downtimes and software quality has not been any worse and they're shipping features faster. A lot of software companies are overstaffed, especially Google who has spent years paying people to make projects just to get a PO promoted, then letting the projects rot and die to be replaced by something else. That's a lot of useless work being done.