Public companies have shareholders to please quarter-after-quarter. If the markets remain bearish for long, public companies will have to do multiple layoffs as

Public companies have shareholders to please quarter-after-quarter. If the markets remain bearish for long, public companies will have to do multiple layoffs as they restructure their operations. Private startups, especially well-capitalized ones, have only their Boards (mostly, founders) to answer to. They can be, counterintuitively, more stable job-wise than many public companies.