The Middle Manager Extinction Event Has Begun in the Tech Industry

The biggest tech fad of the past 30 years was the dot-com era, when companies were valued on eyeballs instead of earnings and investors poured billions into startups with no viable business model. It was a reminder that fads aren’t an anomaly in tech—they’re a recurring feature of the industry.

Seen through that lens, the wave of layoffs over the past tw…