“The tech industry layoffs are basically an instance of social contagion, in which companies imitate what others are doing. If you look for reasons for why companies do layoffs, the reason is that everybody else is doing it. Layoffs are the result of imitative behavior and are not particularly evidence-based.”
https://news.stanford.edu/2022/12/05/explains-recent-tech-layoffs-worried/
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.
Burt Bacharach, the singularly gifted and popular composer and Oscar winner who delighted millions with the quirky arrangements and unforgettable melodies of Walk on By, Do You Know the Way to San Jose and dozens of other hits, has died at 94.