The speed at which the tone of these is changing is amazing. Just a few weeks ago everyone said its getting impossible to hire and so they need to expand to other tech hubs, pay exorbitant salaries and offer lot of perks to attract candidates. All of a sudden now, just in the span of a few weeks, these executives started realizing their headcount is too high, productivity too low and that employees should self select…
I think its the war of Russia against Ukraine. All of a sudden there is less money to go around, interest rates go up and it got harder to raise money. I think they are just putting up a straight face, as they respond to the changing circumstances.
And they probably changed their plans as well, now it is less about 'new features' and more about 'maintenance of existing systems'. But that didn't get into the article, so it's all the fault of the people who will have to look for a new job...