For sure. The unicorn era is characterized by an oversupply of venture capital that gets spent well in advance of proportionate proof of utility. E.g., Theranos and WeWork. Or pretty much the whole [1] of the metastasizing crytpowhatever space. Layoffs in nonproductive companies are good, IMHO. And the sooner the better, as the longer someone spends in a bubble, the harder it is for them to adapt when the bubble pops.

[1] Not your personal favorite, of course. That one's the pony in there somewhere. https://quoteinvestigator.com/2013/12/13/pony-somewhere/