Think about how it looks to all the people who have never lived through a recession before. The only valid reason to layoff workers is if you, as a caring founder, have no other choice. Then they see these tech giant laying off people, and not because it’s that or bankruptcy, and start calling bullshit. Oh, and start making up conspiracy theories about how it isn’t really an over hiring correction like TFA.

Look here, kids, go ask those graybeards you laugh at behind their backs what it was like during the dotcom bust.