Hey and welcome again to Equity, a podcast in regards to the enterprise of startups, the place we unpack the numbers and nuance behind the headlines.
That is our Wednesday present, the place we area of interest all the way down to a single matter, take into consideration a query and unpack the remainder. This week, Natasha and Alex requested: What does the latest wave of layoffs imply for tech employees?
The query comes after Natasha’s current Startups Weekly column, “The Great Resignation, meet the Great Reset.” Within the piece, which included a round up of recent tech layoffs, she explored the thought of worker whiplash, and why this second in pullback is totally different than what we noticed in March 2020.
The aim of the episode was to humanize the tech layoffs we’ve seen ripple throughout the startup ecosystem, from buzzy, huge names like Cameo, On Deck and Robinhood, to B2B platforms like Workrise and Thrasio. As our piece last week notes, the frequent thread between most of those layoffs, in response to founders, is that there’s been a shift available in the market and a severe pivot in enterprise is required. A pivot, that’s, that hurts the workers that constructed your product up after excessive demand.
Tell us how we did?