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Has the Era of the Mega-Layoff Arrived?
(www.wsj.com)
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this post was submitted on 16 Apr 2026
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A Boring Dystopia
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IT has been going up up up for decades now. For first world countries that have the illusion of infinite growth, the mentality is that things only get better so no need for protection ( unions ).
Now that first world got a serious shock in IT ... Reality hits the fan.
On 3rd world that's about every 10 years at best.
"First time" meme vibes.
Umionize.
It's almost like most industries are subject to the whims of the broader economy, and hiring is up when demand is up, and hiring is down, when demand is down.
IT also gets over consume during built outs and high growth, and cut back to the bone when things are stable or shrinking.
Most tech upgrades are also cyclical, hence why a lot of IT work is contract. They only want someone for 12-18 months during an upgrade cycle, and then they can wait another 3-6 years for the next cycle.
Yep agree, except I'm saying it's not only IT it's every industry, and the dips are not "omg inflation is 6%" and "are we in recession" it's more like the target inflation is 7% but it's kinda ok now that it lowered to 12%, and even with that the economy is shrinking because some loony from left may win elections and capitalists hate it and are going to ride it out the next 4 years.
We're not the same.