It’s as truthful a statement as saying the law treats all equally since both the rich and poor are banned from sleeping under bridges.

The whole point of a business is to make a profit. If its not making a profit or growing, its at risk of dying, then layoffs hit 100%. The ship has to stay afloat.

There's no fundamental diff between a small business and large business here except scale.

When the auto companies fucked up in Detroit, they wreaked havoc on an entire town. The tech giants raised rent in the valley so much, it essentially became uninhabitable to anyone but software engineers. There are more examples.

Businesses are just as much part of society as individuals, and they have to do their part of this relationship. IMHO this includes being considerate about layoffs, and taking care of your employees.

We have unemployment insurance for laid off workers and most people at megacorps also get severence when they get let go. Older employees can find the same jobs at different companies there are almost no jobs that are exclusive to any one company and even where that is the case you can still find related jobs. There is no excuse.

Unemployment levels are near 4% right now, historically near all time lows.

Silicon Valley is expensive because of nimby zoning laws. We do not have that problem in Austin as Texas is pro-growth and allows for dense, high rise buildings and apartments to be built at will. As a result, our rent has gone down significantly in the last several years despite population growth. Fix your regulations and the supply problems in housing will fix themselves.