“Copycat” layoffs won’t help tech companies or their employees
This misses the main driver.  Valuations are no longer based on growth.  The entire market has shifted to profitability over growth.<p>Companies with a stronger balance sheet coming out of the recession will be better positioned for the long term.<p>Seems that companies that gained their valuations through growth weren&#x27;t sustainable in the long run.<p>And at a macro level, economic policy has largely deferred recessions since the 2008 housing bubble pop.  That&#x27;s not sustainable either.  At some point a correction is going to happen.<p>The &quot;social contagion&quot; is companies betting that a correction is coming.  Some made that bet early, and some are just now hopping on the train.<p>It&#x27;s about survival for many companies.  I bet we&#x27;ll see fire sales, and acquisitions ramping up for the financially stronger companies.