[d3ckard]

The main issue IMHO is the monopolization of the industry, especially in the US. Once the giants do layoffs, the rest of the market can't absorb the people effectively, which leads to oversaturated job market.

We can of course discuss how many people got into industry during COVID heyday and whether they should have, but mostly I think it's about those behemoths having disproportionately high impact on the entire labour market.