Tell HN: So many tech companies are having layoffs
5 comments
Are these layoffs outside of of a normal range? If we assume the rate is consistent for the remainder of the month we can say `currentLayoffs * 2.5` using Layoff.fyi[0] numbers that puts us around 6k people for the month.
[0] https://layoffs.fyi/
[0] https://layoffs.fyi/
It is just market correction from the crazy times of 2021/2022 where everyone and their mother were hiring in bulk because hey, free money (0 interest rates). Now that it has dried up, this was bound to happen.
Is this like last time, where they were all raking in record profits but willing to follow the layoff trend to send a signal to investors?
Contractors and anything less than 50 people don't really count, do they?
thanks for using my statistics lol. also, i created a hackernews account just to post this
Discord (170 people, 17% of employees, laid off) - https://www.theverge.com/2024/1/11/24034705/discord-layoffs-17-percent-employees
Twitch (500 people, 35% of employees, laid off) - https://www.theverge.com/2024/1/10/24032187/twitch-layoffs-video-game-industry
Unity (1,800 people, 25% of employees, laid off) - https://www.theverge.com/2024/1/8/24030695/unity-layoff-staff-25-percent
Duolingo (10% of contractors laid off) - https://www.theverge.com/2024/1/8/24030420/duolingo-laid-off-10-percent-of-its-contractors-because-of-ai
Google (1,000 people, 0.5% of employees, laid off) - https://www.theverge.com/2024/1/11/24034124/google-layoffs-engineering-assistant-hardware
Humane (10 people, 4% of employees, laid off) - https://www.theverge.com/2024/1/9/24032274/humane-layoffs-ai-pin
Audible (100 people, 5% of employees, laid off) - https://www.theverge.com/2024/1/11/24034985/audible-is-laying-off-5-percent-of-its-staff
Credit to @imadeanaccount on another site (I know you're reading this lol) for compiling this information, I just thought it was cool and posted it.