On: Ask HN: What is the current driver of tech layoffs...

[seuraughty]

This is really it right here. Recession fears and large layoffs correlated directly with the raising of rates, as they always do.

[mooreds → seuraughty]

It's the hammer the fed knows how to use to fight inflation.

Hopefully this time it won't tip the entire economy into recession, but I feel for all the folks who are being laid off.