I think 2 things happened - there was a correction for over hiring of remote collaboration service development during pandemic, and a rebalancing of both open and capex towards more AI. So layoffs, but not a recession
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I do agree there was a correction for all of the hiring that happened during covid. I work in security and I've never seen a security team's budget cut until recently though. It's not just layoffs but also having to get rid of or not acquire security tools
We’re spending heavily on security, but the types of staff and tools are changing as cloud adoption increases and all our internal processes are being updated and tightened
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