https://www.protocol.com/eventbrite-major-layoffs-coronaviru...
https://www.booksandpublishing.com.au/articles/2020/04/09/14...
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https://www.protocol.com/eventbrite-major-layoffs-coronaviru...
https://www.booksandpublishing.com.au/articles/2020/04/09/14...
Their tracker, https://layoffs.fyi/tracker/, has reasonably well corroborated data, although it's surely incomplete.
I wish there was some kind of list for the UK. Our news services are shockingly bad.
CircleCI. Last week during covid crisis, all while announcing a $100m Series E round of financing, they let some employees go and did not offer any severance. Disorganized management, and with some teams, passive-aggressive management style. Would not recommend joining...
Earlier quoted context omitted.
This is looking 2001-dot-com-crash bad, but much, much faster. It's worth remembering there are plenty of companies not laying people off, and "normal" will return eventually. That said, I was watching The Big Short yesterday, and a line that I had noted before haunted me even more: "For every 1% unemployment goes up [in the USA], 40,000 people die". Stay safe, stay positive.
> This is looking 2001-dot-com-crash bad, but much, much faster. Also probably much more transient, no? Is there a reason to think this trend would continue beyond say... six months? (or whenever quarantine measures are mostly relaxed).
CircleCI. Last week during covid crisis, all while announcing a $100m Series E round of financing, they let some employees go and did not offer any severance. Disorganized management, and with some teams, passive-aggressive management style. Would not recommend joining...
For example, my home state's Employment Security Department: https://esd.wa.gov/unemployment/laid-off-or-fired
Given that there are non-US readers here, maybe there's another pair of phrases that Hacker News could use as standard in this situation. I know in the UK, "made redundant" is used instead of "laid-off".
You're fired!
I’ve been checking layoffs.fyi every day and it is incredibly bleak
What I don't quite understand is why startups who either just received funding or companies who were doing reasonably well decide to do mass layoffs during economic downturns? I mean they provide $reasons but I have a hard time taking them at face value.
I wish there was some kind of list for the UK. Our news services are shockingly bad.