WHAT BIG TECH LAYOFFS SUGGEST FOR THE INDUSTRY

Summary from the TLDR newsletter

Microsoft's layoffs last year were worrisome because the company has a very good track record of predicting how its business will grow or shrink. Microsoft's business is incredibly diversified to the point where it can be pretty representative of the B2B tech industry, minus advertising. The company's decision to initiate layoffs suggested that the tech industry would stall growth-wise. Microsoft's announcements could have caused other large tech companies to follow suit and announce their own layoffs.