Hey there! This is a bunch of questions haha, so I’m going to break it down with a bullet or so for each q

- I saw that article too. And it definitely matches up with what I’ve heard from my recent chats with recruiters.

- There are definitely negative impacts of these layoffs. And we’ve already started seeing that across companies. I think Twitter is an extreme but perfect example of this: things are breaking on the front-end, employee morale is pretty low, and entire (vital) teams are missing.

- The experts and tech industry people who I’ve chatted with have pointed a few major long-term shifts. Most notably, there’s a focus on efficiency over innovation (like how multiple Big Tech companies have shuttered their moonshot branches). But at the same time, they can’t ignore how the tech industry keeps innovating. Generative AI (thanks to ChatGPT) for example is a curveball that they definitely weren’t prepping for a few months ago. Yet a lot of these companies are now scrambling to react to it.

- I totally agree with your concerns. Cloud is getting hit pretty hard right now, and it ties back into your question about the negative effects of layoffs — this is definitely one of them. Within Big Tech alone, cloud spending has decreased a bunch (my teammate Paayal Zaveri wrote about it here: https://www.businessinsider.com/microsoft-amazon-google-cloud-business-lower-spending-growth-slowed-charts-2023-2?utm_source=reddit&utm_medium=social&utm_campaign=IAmA-comment) And it’s especially pronounced since digital transformation was such a buzzword during the pandemic tech boom. But optimistically, this cool-off likely won’t last forever. Microsoft CEO Satya Nadella even predicted that the sector could rebound as soon as this year: https://www.businessinsider.com/microsoft-ceo-earnings-azure-slowdown-cloud-bounce-back-2023-1?utm_source=reddit&utm_medium=social&utm_campaign=IAmA-comment1

-DNS