β€œLayoffs are a social contagion.” This quote is gold. From: https://news.stanford.edu/2022/12/05/explains-recent-tech-layoffs-worried/
What explains recent tech layoffs, and why should we be worried? | Stanford News

As layoffs in the tech sector mount, Stanford Graduate School of Business Professor Jeffrey Pfeffer is worried. Research – by him, and others – has shown that the stress layoffs create takes a devastating toll on behavioral and physical health and increases mortality and morbidity substantially. Layoffs literally kill people, he said.

Stanford News
@peterme they use this as an opportunity to let lower performers go and signal to Wall Street that they care about margins. Salesforce's 10% is hardly more than usual turnover.
@suldrew @peterme Implying that a company has meaningful ways of determining "low performance"