1100 layoffs at Bay Area tech companies

Left out Imperva, which was bought by Thoma Bravo in January. 150 people let go while the CEO makes $15 million.<p>Mismanaged incentives - employees don&#x27;t matter, just shareholders.

Creative destruction in practice. Older firms like Oracle &#x2F; SAP reducing headcount, while newer firms are adding headcount with a net increase in high quality jobs.

Amy context to this? Is it an unusually large number of tech company layoffs?

Too expensive salaries? It&#x27;s funny to see promises such as 400K$&#x2F;year (compared vs. the rest of the world) and hear stories like this

Do these companies foresee an upcoming recession? It seems big companies always try to tighten up before a recession becomes &quot;official.&quot;