Meta ran into signs of trouble months ago, when the report in February announced they were shedding users for the first time. They’re ahead of the curve. Netflix use has also dropped, and the stock price has followed. Coinbase is experiencing a crypto crash.

Not that any of that are disconnected from larger economic trends, but they’re also unique to each business’s segment.

Coinbase has frozen hiring, and even if Netflix is still actively hiring they just laid ~2% of their workforce earlier this week.

> Coinbase has frozen hiring

The blog entry said they are slowing hiring. While that is a big change from originally wanting to triple the size of the company this year, nothing that I've seen said they froze hiring.

> Meta very publicly announced a hiring slowdown

their revenue may just go to other companies (tiktok, google?) which will hire those engineers.

NFLX may be slowing down hiring, but they also laid off 150 full-time employees, in addition to part timers and contractors: https://www.yahoo.com/lifestyle/netflix-announces-more-layof...

Twitter is in a freeze, so combined that puts a lot of slowdown into the market.

There may be smaller/other companies running to pick up the crème of the crop before the music stops, however.

I would wager Google, Apple, Microsoft, Amazon, et al. all are more than happy to take in the supply slack. They compete for the same engineering pool.

Would love to see data to the contrary vs. us guessing at this putting a lot of anything on the overall market.