Crickets from the smug "lol learn to code" types on Twitter.
There are still massive shortages of cybersecurity experts for example. Modern web development though is a mess.
But the real cause of these layoffs is not labour oversupply, it's that the entire tech industry is high on cheap credit and now that interest rates are being raised, it's the end of the party
The coronavirus was probably the peak where everyone had to use their services and tech gear, they had already achieved 100% market dominance which they will never reach again.
But now everyone is bored of them, they no longer seem as exiting as they used to be, and people want to get out more after long periods of lockdows.
In one word:
Tech is out of fashion.
