Gitlab to lay off 7% of staff
&gt; The current macroeconomic environment is tough<p>No, it isn&#x27;t, and it&#x27;s embarrassing at this point to continue insisting this. The macroeconomic environment is  good, particularly in the United States. Business investment is growing at 3% a quarter (annualized), which is better than the average over the past decade. Employment is growing rapidly. Inflation has been tame over the past six months. And wages are growing steadily, but not rapidly in a wage-inflation spiral. In the US, the stock market is down about 10% over the past 12 months, but it&#x27;s up over the past six months, and corporate earnings have been high.<p>Everywhere you look, the economic indicators are solid.<p>I do not have insight into Gitlab&#x27;s customers, or the current state of Gitlab&#x27;s business. But it is simply not true that the macroeconomic environment is tough. It is not. If there are problems, they are Gitlab problems, not macroeconomic problems.