“Layoffs 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 I remember the offshoring contagion. At the LargeCo where I worked, London was actually cheaper than their botched offshoring, but the CEO had promised the analysts so they hollowed out the staff. Our little team was the only one in the whole company successfully shipping features.