What’s eating B2B SaaS?

An article at VentureBeat proposes a view on what's going on with B2B SaaS right now. One of the main takes is that "the explanation for the recent decline in B2B SaaS revenues and earnings growth is more mundane. Companies over-hired during COVID and have been laying off high-cost workers. Most SaaS is priced by the seat. Given there is a direct correlation between the workforce reduction and revenues, this easily equates to billions of dollars in lost recurring revenues across the industry" Agree? https://venturebeat.com/ai/whats...