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Re:DigitalOcean Is Doing Layoffs Right Now by slowmovintarget on Wednesday February 15, 2023 @11:26AM (#34806061)
One other factor in all of this is how companies used debt to sail through the pandemic. They took out loans, and now the bills are coming due. If you can't grow revenues to match interest payments, you often have to cut OpEx, and that seems to be what some companies are doing.

Still sucks if you're on the receiving end, though.

Re:DigitalOcean Is Doing Layoffs Right Now by stu2b50 on Wednesday February 15, 2023 @12:10PM (#34807032)
I don’t think old loans are the problem. Corporate paper was dirt cheap during the pandemic, and the interest will still be dirt cheap now.

The fact that new loans are not cheap thanks to high interest rates is the more threatening factor.