What’s the reason for the stagnation/decline since 2022?
The usual answer for the macro trend is “the end of ZIRP”.
Which is where I was going with my (original) post - but the GP post seems to be using this as evidence to disagree, which is confusing.
I was disagreening with your statement
> like many of these recent layoffs, this is essentially reversing 2020-2022 net headcount growth.
which I took as "this is just reversing Covid overhiring". Which I'm tired of hearing. MSFT might have grown faster in 2021/22, but have stopped hiring for pretty much 4 consecutive years since.
> but have stopped hiring for pretty much 4 consecutive years since.
What’s your theory?