Comment by strich

I have no credentials to provide an informed opinion, but in my industry of gamedev where layoffs are currently widespread and massive, the consensus seems to be that the past 3 years saw unprecedented hiring growth due to covid etc and it has caused an otherwise "normal" consolidation cycle to be way larger. For me I think it rings true - I don't think some dark storm is coming it's just the tide going back out after a big spending spree.