Really interesting thread on how a 2023 change in US Federal tax code might be inadvertently triggering increased lay offs in tech startups no longer able to write off hiring developers as R&D tax credit. Great work by Gergely Orosz, this was under discussed late 2023 but it appears to be factor in the continuing malaise in the VC backed tech sector. Have a read here. H/T to brainfooder Michael Blakely for the share