If the premise of what he says is true, then the main thing which was exposed by layoffs was the incompetence of the executives at big tech. Like if you know that company can operate with fewer employees, what on earth are you hiring like mad for. Companies even hired too many recruiters. Like even recruiters were in extreme demand.

> "There's nothing for these people to do — they're really — it's all fake work,"

As a senior executive if you didn't know it before and made no efforts to know or fix, then what are you competent about at all.