You mean teeny tiny cutesy startups like Stripe and Twilio?

Look at the companies on http://layoffs.fyi

Lots of small and medium sized companies, and I know for some that it was not their last move before going under.

We had a hiring boom driven by cheap money, which is now ending. Now we get the inverse.

Has nothing to do with insane large corps and saintly SMBs.

While I agree it's very idealized, a lot of those startups probably are legitimately financially threatened in the immediate term in a way that Meta most certainly isn't.

It is absolutely idealized.