Yep, from what I hear and see, it's like this everywhere. It actually started with the Twitter layoffs and has spread across the industry. At first, it seemed like a reaction to the ZIRP-era overhiring, but it's kept going long after correcting for it, and with AI has been cemented as the modus operandi for many companies.

From the outside, Microsoft seems to actually be one of the better places, and is making at least token efforts to reduce headcount in more amicable ways, as exemplified the buyout offer.

But in general, the strategy seems to be overload people until they burn out and quit, because hey, AI will replace them anyway.