Things Have Changed

From Feast to Famine: Why Tech Is Preparing For Hiring Freezes And Layoffs

July 31, 2022 Season 15 Episode 3
Things Have Changed
From Feast to Famine: Why Tech Is Preparing For Hiring Freezes And Layoffs
Show Notes

With a historically tight labor market, why are some tech companies laying people off?

With Inflation not slowing down and the economy showing signs of a possible recession, companies are preparing for the worst. Layoffs are sweeping across American businesses, specifically in growth companies in tech in 2022.

Shopify, Netflix, Peloton, Tiktok, Robinhood, and Coinbase are only some of the companies that are starting to lay off their employees.

But with our most recent episode, we just learned that there was still A LOT of tightness in the labor market - citing labor shortages - so why would these companies lay anyone off?

Well, in this episode of Things Have Changed Podcast, we’re going to explore why tech companies are feeling the burn.

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