The CEOs were subdued when announcing the headline-grabbing layoffs in recent weeks. They blamed, mostly, one thing: an impending economic downturn. The CEO of PagerDuty, a cloud computing company, said on January 24 the organization was eliminating 7% of roles “to weather today’s economic uncertainty,” despite the fact that the company had sustained “high growth” over the last two years and improved its operating margins.

 

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