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This article is very confusing to me. If we are concluding that startups are laying off due to funding squeeze, how is that San Francisco actually saw a decreas
by dmode 10y ago
This article is very confusing to me. If we are concluding that startups are laying off due to funding squeeze, how is that San Francisco actually saw a decrease in lay offs ? SF is where most of the startups are based. Also, it says that layoffs totaled roughly 3000 in 4 months. Which comes down to 750 a month. Compare this to what the article said later that 32,000 jobs were lost per month during the recession. Finally, I couldn't figure how many jobs were added in this period, to get a context of the layoff percentage. Seems a little alarmist
- ajmurmann 10y agoI feel similarly. However, the article points out reporting differences for differently large companies and layoffs. That might factor in heavily. Would be nice though of the article had explicitly addressed that.