Thread regarding Alphabet Inc. (Google) layoffs

Consolidation of tech companies, new waves of layoffs coming

“There are three basic buckets of layoffs we’re seeing,” said Nabeel Hyatt, a general partner at the venture capital firm Spark Capital, which invests in tech companies. “Big, fat tech oligopolies looking for more growth and profit; there are the medium-size companies that over-hired during bo-m times; and there are the smaller start-ups that are just trying to gain runway to survive.”

https://www.nytimes.com/2024/01/30/technology/layoffs-tech-industry.html

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