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Number of Startup Layoffs Surpasses 20K
- nogabebop23 6y agoBeyond the fact that this is such as small number compared to overall job losses, I have to wonder how many of these "Covid-caused" layoffs are really systemically untenable positions. A big number are also likely pretty traditional roles that happen to be at a startup, vs the immediate image of developers without work.
- troughway 6y agoAren't start-ups by definition systemically untenable?
- ashtonkem 6y agoThere’s a very high likelihood you’re browsing this site using a product made by a former startup. So, no.
- wuunderbar 6y agoI think what is meant here is that it takes a moonshot and massive amount of funding for even the chance of getting it through. They are untenable relative to bootstrapped businesses that arise from more modest financing.
- ashtonkem 6y agoThat’s not unsustainable, that’s risk. That’s also describing a type of startup, not startups in general.
- dragonwriter 6y ago> Aren't start-ups by definition systemically untenable? Collectively, no, not in normal circumstances. OTOH, they are probably funded on terms on which most of them are marginal, and very small negative changes to market conditions probably make them untenable.
- cultus 6y agoI feel like you are probably right on these layoffs. There's obviously a lot of startups that just will never make money, because, for lack of a better word, they are dumb. However, there is an absolutely unprecedented amount of mostly permanent demand destruction with consumers happening right now. The tech industry will be among the last to really feel it as it ripples through to business customers, but I think it will hurt badly.
- xiaolingxiao 6y agoYeah, I would like to see a break down of programmer, PM, designer, customer success, and the such. We could also segment by temp vs fulltime.
- toomuchtodo 6y agoLayoffs.fyi puts the number above 30k. https://layoffs.fyi/2020/04/23/layoffs-roundup-thurs-4-23-20/ https://layoffs.fyi/2020/04/23/layoffs-roundup-thurs-4-23-20...