It wasn’t just one individual company in this case, but a seemingly coordinated cabal like industry-wide action. Strength in numbers. A “corporate union” action if you will. All highly profitable companies sitting on mountains of cash. The layoffs were an exercise in capital asserting dominance over labor and financial engineering.

Again, all the tech layoffs ammount to a drop in the bucket in terms of overall jobs.

Rapacious capitalists acting in the interest of their class to their own detriment is certainly a take.