I don't see what it has to do with "me too"

Take block:

AFAICT, it was just really badly managed. A long time ago it got about as much share of its main market as it was going to get. They took the cash flow from that and hired a bunch more engineers to try to break into adjacent markets, and failed, and failed and failed.

Now they are just retreating to the steady income from their core business

Pretty sure by putting "me too" in quotes and not saying #MeToo, what they're talking about is really FOMO. The companies are performing layoffs because of the trend