What “unprofitable” companies are you talking about? Most of the layoffs have come from very profitable companies that trimmed a lot of fat they acquired.
Meta, Amazon, Stripe, Twilio, Salesforce etc are all profitable companies. That’s where the majority of non crypto layoffs came from.
Meta, Amazon, Stripe, Twilio, Salesforce etc are all profitable companies. That’s where the majority of non crypto layoffs came from.