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GitHub to lay off 10% and close all offices

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Re: GitHub to lay off 10% and close all offices

#10

This really is the techpocalypse, huh? I’m young (35) but I’ve never seen layoffs so continuous. I wonder how far into the year this will go and if we’ll ever come back. Maybe companies truly will start offshoring.

You missed them by that (tiny-fingers-gap) much.

I'm just old enough to have witnessed the dot-com crash a few years before I went into industry; this feels very similar. In fact, it feels a little less intense; the dot-com crash was about an entire business model consolidating under an absolute handful of winners (example: most independent online stores went "We can't compete with Amazon" and bankrupted, laying off everyone) while this one seems to be a lot more "All these firms will continue to operate but they don't think they need to employ this many people to do it."

It will be interesting to see if the consequence is new startups competing with the incumbents as those laid off find each other and some capital or if the consequence will be something else.

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