Startups Weekly: Tech layoffs spread (a bit)

Startups Weekly: Tech layoffs spread (a bit)

4 years ago
Anonymous $yQ5BfQaAxy

https://techcrunch.com/2020/01/25/startups-weekly-tech-layoffs-spread-a-bit/

TechCrunch has found itself writing about layoffs at a few notable tech companies this week — and not just Softbank-backed ones. The focus is very much profits, as Alex Wilhelm summed up on Thursday, especially after the failed WeWork IPO and subsequent valuation and headcount decimation. We’ll be digging into the topic more soon but there does seem to be a certain consumery thread here. And perhaps some fears of negative macro trends bubbling up?

23andMe cut 16% or 100 people, citing slowing sales for DNA tests. Quora reduced an undisclosed number to focus on revenue.