The irony is that many of them are actually part of this layoff reading this and still they don't agree with what is really happening.

The inevitable periodic 'crash' that is part of the capitalist system is a feature, not a bug. It helps suppress wages, keeps workers in their place. So I think you are right on the money.

So many more layoffs will be announced in the coming weeks. But remember: all companies will show (record) healthy profits none the less.

Even the hacker news crowd that lives lavishly and is mostly unharmed by all of this should not feel save at all, you are just as expendable as the anonymous warehouse worker or fast food person.

Speaking of which, the 100K+ tech worker has more in common with the average fast food or retail worker than the owning class: you are worker slaves that fear for their well-being if without work.

Unfortunately I'm afraid the HN crowd is just too comfortable to realise that capitalism is destroying everything, from freedom and autonomy to democracy to the environment.