Microsoft laying off 10% of their workforce, 15%, 20%, 30%? Google laying off 10%, 15%, 20%, or more?
HN readers like to use the cope of "it's just pandemic over-hiring" — when do you think that explanation will no longer hold?
When will you say: "Now it has nothing to do with Covid-era over-hiring; the industry has fundamentally changed."
If this happens and a significant number of white-collar jobs are eliminated, who would buy things to keep the economy funded?