According to 10-K filings, Doordash went from 3,886 to over 8,600 employees in calendar year 2021 (!!!). While the global macroeconomic situation is certainly fragile right now, the current trend towards corporate-tech layoffs needs to be viewed through this lens. Most public tech companies hired a truly ludicrous number of people in 2021, and the 2022 layoff season is more of a market rebalancing than an overall market shrinkage.

Obviously something is going on, but there's not a secret info line that big companies are into. Interest rates are up, it's harder to get easy money to expand. Some companies are going to spend less money on new software, and lots of companies are trying to reduce costs because it feels like we will have a recession. At the same time, there are lots of jobs, and out of the tech world people are getting raises for hourly work, and they still can't hire enough people. $20/hour at my local mcdonalds. I am still get random job and interview requests on linked in. If you are an experienced engineer there are plenty of jobs. Google, Amazon etc has done some layoffs but they grew a lot the last 2 years. Seems like plenty of smaller companies are hiring.