They are in trouble. I know someone who used to work for them until recently, the company has gone through 3 rounds of layoffs since October and there is speculation of more to come in the next few months.

Hence everyone from the Governor to the Mayor wants companies to force RTO! Mayor Adams recently said he does not like the idea of "people working from home, in their pajamas!". They want to save the multi-billion dollar landlords and their steel and glass skyscrapers.

Back in December when i first read about META's 11k planned layoff, my first reaction was "Wow! That's more than 50% of their company!". Its only later that i found out that META now has close to 100k employees, or 80,000 more than they did mere 6 years ago!

The tech companies and their profits have grown exponentially over the last 12 years . As the revenue went up, so did the headcount. My fear is if mass layoffs in thousands are being done when the stock market is still high and companies are still beating expectations, then imagine how things will look like especially in tech when the downturn finally arrives and revenue/profit begin taking a hit.