Well, given I was laid off due to “AI productivity gains” (in actuality, improving opex), I’m already worried…. About my mortgage payments. The interview bar has felt extremely high in this job search, and the only way I can get in front of a recruiter is by referral or if they reach out first.

To your actual point, these companies are making insane amounts of money and many are posting their best quarters yet while doing these layoffs. I’m not concerned that their business will suffer. Just the rest of us rank and file as they squeeze more blood from a stone with a narrative that Wall Street finds appealing.