The layoffs that have happened have basically reverted the headcount of many companies to what they were 6 to 12 months prior. This isn't as drastic as what many people are making it out to because headcounts saw meteoric rises the last couple of years. Many companies felt emboldened to make risky business bets during the roaring times of 2020 and 2021. They sucked away talent from smaller companies who couldn't pay as well, so now we'll likely revert to where we were a year ago.