So, funny story: remember how that Stanford professor described last years' layoffs as a "social contagion" exercise, where CEOs were just doing it because everyone else was doing it?

https://news.stanford.edu/2022/12/05/explains-recent-tech-layoffs-worried/

Well everyone get your surprised face ready but it was in fact a coordinated effort by execs, large shareholders and hedge funds to cover up mismanagement and suppress wages: 

https://www.teamblind.com/post/How-we-got-here-Some-inside-scoops-from-Microsoft-on-handling-early-days-of-pandemic-to-cutting-over-20K-folks-in-2023-7ndQwLAU

Did I say funny, I meant awful, typo sorry those keys are right next to each other. 

 In hindsight "Stanford business professor says these things just happen and nobody is to blame" should have been an obvious red flag.

Edit: I think this should be elevated to a general rule. Any economist or "professor of business" describing things in animal-behavior terms - instinct, herd, whatever - is prima-facie evidence a group of very rich people were up to some nefarious shit behind the scenes six months earlier.