It also caused the "Golden Age of Programming". It's only been a golden age because of high salaries for relatively low effort. So if their needs change, obviously the industry changes. This article has nothing to say really.
replies(4):
It sucks that a lot of people in tech got the impression we'd be endlessly hireable, able to hop between 6 figure jobs and raises for our entire career before early retirement. But it seems to me these layoffs are bringing big tech companies down to sizes closer to what they should have been in the first place.
The real issue to me is the ever-worsening monopolization, and all the unchecked acquisitions of the past 15 years that kinda killed any hopes for competition. If that wasn't happening, there'd be a lot more jobs available. Maybe not at Google salaries, but at least there would be jobs.