Go read up on the .com bubble popping.
The layoffs look huge because the increase in headcounts were so huge in the past 2 years:
https://bsmedia.business-standard.com/_media/bs/img/article/...
It's like saying "I lost a ton of weight recently! I'm down 20 lbs!" when you gained 50 lbs over the last 2 years.
Go read up on the .com bubble popping.
The layoffs look huge because the increase in headcounts were so huge in the past 2 years:
https://bsmedia.business-standard.com/_media/bs/img/article/...
It's like saying "I lost a ton of weight recently! I'm down 20 lbs!" when you gained 50 lbs over the last 2 years.