Why are so many tech companies laying people off right now?

Summary

This article by Elizabeth Lopatto, writing for The Verge, makes the following points:

• Investors have changed and are concerned about the ratio of revenue to employees.
• Companies are concerned about the outlook for online advertising, the primary source of revenue for many tech companies such as Facebook.
• Layoffs should save money in the long run despite the initial costs in severance pay.

References

References from the Web:

• JAN 2023 The Real Reasons For Big Tech Layoffs At Google, Microsoft, Meta, And Amazon—Forbes
• JAN 2023 Amid an onslaught of tech layoffs, here are 12 major tech companies that haven't announced any job cuts in the past 6 months—Insider  

Source Information:

• Article Source: https://www.theverge.com/
• Media Check: The Verge - Media Bias Fact Check (mediabiasfactcheck.com)
• RAAF RUNWAY: RATIONALE, GUIDELINES, LEARNING OUTCOMES, ETC.