I’m down for that. There are so many “facilitators” in middle management, some really good and quite a few bad ones and many making no difference. I don’t know how people thought they were good positions to hire for.
Remember before Covid many a company deadweight showing us the vast amounts of unwork they did at their companies on their YouTube videos? Proudly showing how idle they were?
Not all the firings are deadweight but a lot are. There is also a general tightening of budgets and people who are part of dead-end programs that are being let go. When the economy was hotter companies would keep these people to add at the margins; I think now that money is still tight they’re not keeping that luxury.
In a zero interest rate environment, literally any return on investment justifies spending.
If interest rates are 3.8%, the company needs at least a 3.8% return every year on your yearly compensation to justify your job.