YTD - 55 major tech layoffs, IPOs down 80% YoY, VC firms telling companies they're not doing any rounds for 6 months
there are lots of signs that money is drying up and things are getting tight becuase of the uncertainty of what the economy holds. Everybody feels like we are headed into a bear market, which means their behavior will change accordingly (and in part usher in the downturn).
By the time an article like this makes it out of texts amongst those in your network to the NYT, it's late
If you look at the
https://levels.fyi site, you can filter by layoffs since Jan 1 and see the list - it includes non US companies so the number is over 55 for the year.