Tech Layoff Tracker
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Tech Layoff Tracker
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Re: Tech Layoff Tracker
#2Also see layoffs.fyi, discussed ~3 weeks ago: https://news.ycombinator.com/item?id=31301646
Re: Tech Layoff Tracker
#3"Bloomberg News is laying off nearly 100 journalists as it restructures its newsroom"
Not really a tech layoff. Many more similar examples. Also counting companies rather than jobs doesn't make sense. And the job data is likely centrally collected on FRED.
Re: Tech Layoff Tracker
#4A piece of news about Fast is listed twice, once under Fast and once under Fastly. I’m not aware of any Fastly layoffs.
Re: Tech Layoff Tracker
#5If you move your mouse between two of the boxes the tooltip goes crazy and opens and closes in a loop very quickly.
Re: Tech Layoff Tracker
#6This is interesting to see. Does feel like most of the companies here got a nice boost during the pandemic. As things change again they need to lose weight?
Re: Tech Layoff Tracker
#7I wonder if the creator of this site is hiring...
Re: Tech Layoff Tracker
#8Snap got absolutely destroyed in the markets a few days back, so I just casually looked at some of their stats. They have 6000 (!) employees, a market cap of $20bln (after losing 40% of their value in a day) and a PE ratio of 53.
There is such an inordinate amount of bloat in the tech sector that it boggles the mind.
Money was being blasted at tech through a firehose of epic proportions. Once that stops, my gut feeling is that a lot of companies are going to have to undergo massive layoffs.
I have zero quantitative evidence for this but IMO less than half the engineers are actually needed to run these businesses.
What happens with the other half is anyone's guess.
Re: Tech Layoff Tracker
#9I’d argue that a number of these aren’t tech companies. No more so than any other companies who happen to employ developers.
There are also a few, like Cameo, who can only exist in a boom economy.
Still it’s terrible for the people who are losing their jobs.
Re: Tech Layoff Tracker
#10"Bloomberg News is laying off nearly 100 journalists as it restructures its newsroom" Not really a tech layoff. Many more similar examples. Also counting companies rather than jobs doesn't make sense. And the job data is likely centrally collected on FRED.
Bloomberg relies on a lot of tech and engineers. Maybe not the News arm, but it’s related enough to Bloomberg that it’s worth calling it a “tech layoff”