This feels similar to March 2020 when COVID was in Seattle. “It’s in the US but maybe it’s just a one-off.” We’ll see, I guess.

Agreed. Now that one more company has announced a big (40%!) headcount cut, other CEOs will feel like it is ok to do so now too (someone else stuck their neck out first, safe to pile on, "every one else is doing it", etc).

I expect to start hearing about more big riffs soon. :/