Even if we assume that what you think is true then it is still solely the companies' fault. Because if the prospective employees are so shit why would you hire them in the first place?
I feel like assigning blame is neither here nor there. Leaders in these companies often look at what other companies are doing, and follow suite. There's an argument that Elon laying off 80% of twitter is another catalyst - so why companies not follow?
Ultimately, if hiring managers offered these roles because work was needed but no longer is, would you blame them for adjusting their approach?
I'm not looking to assign blame or anything, I've just seen this pattern play out in the last couple of decades. I think it's a valid theory of the current "market correction."
Because time-to-market matters? Because even minimally productive folks were ROI-positive in ZIRP world, but a bad idea in 8% interest world? Because Wall Street rewards growth?