Kind of? It’s certainly companies actively moving towards shittier services at the same time as others, but I don’t think it’s as much of explicit and intentional collusion as it is high school clique prom politics and VC money drying up post rate hikes. There’s more of a focus by investors on generating profit over growth at this point because money is no longer free. The safest play for a lot of these boardrooms is to not stand out as a company not realigning priorities to reflect this.

Facebook did layoffs? Okay we have too as well or we’re not in the same big boy class as facebook. … See? We’re safe, money please