"There are also health and attitudinal consequences for managers who are laying people off as well as for the employees who remain. Not surprisingly, layoffs increase people’s stress. Stress, like many attitudes and emotions, is contagious. Depression is contagious, and layoffs increase stress and depression, which are bad for health."
This Stanford professor says the current tech layoffs aren’t based on business fundamentals or economics. It’s basically bad vibes among lemming executives that is causing real pain for everyone.