"social contagion" is not the cause of tech layoffs. The cause is depressed valuations, and investors focusing investments away from tech (impacting private and public companies alike).
When more cash is readily available, companies spend more freely. When it's less available, companies tighten spending. The "social contagion" here is a basic understanding of finance.
When more cash is readily available, companies spend more freely. When it's less available, companies tighten spending. The "social contagion" here is a basic understanding of finance.