Kyla’s Newsletter

Kyla’s Newsletter

Reversion to Reality: How Big Tech Impacts the Economy

tech layoffs, fed, and empathy

kyla scanlon
Jan 26, 2023
∙ Paid

tech layoffs and an exercise in empathy

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Tech is going through layoffs right now, and they are conducting them in the worst way possible. No communication, locked badges, broken email access - it’s a horrible way to treat people. I posted a TikTok about it, and wanted to walk through some of the general responses and reasoning for the layoffs.

More than 40,000 people have been laid off at this point, which is absolutely devastating for multiple reasons. This piece is not meant to diminish that. The goal is to walk through why it might be happening and then to think about what it tells us about human behavior.

Tech Bloat

“Well tech got what was coming for them! They overhired”

Sure, it seemed like there was an element of bloat in tech. There is an argument that they overhired during the pandemic, and now are just trimming some of that. Therefore, these …

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