#21 A wave of layoffs – the need for default aliveness

Indexes are in a bear market, and top cryptocurrencies have lost more than two-thirds of their all-time highs. The recession seems to be at arm's length, and we are running into it head-on. This of course has implications on many individuals, which we are already experiencing with tons of layoffs. This week's newsletter is going to highlight the most recent layoffs and can be an opportunity to find new employees for the ones out there still hiring.

A visualization of the layoffs

A must-visit for anyone hiring today:

A gigantic airtable with the staff of tech startups laid off can be found here: https://layoffs.fyi/

Y Combinator last week send a letter to its community, stressing the severity of the coming months. The mantra: BE DEFAULT ALIVE

The letter is confirmed by data, too. We are on an upward trend:

The latest news

The news that just broke today about Tesla:

• Employees Laid off 10%, 10.000 people approximately + hiring freece
• Transportation
• June 2022
• USA

Gemini

• Employees Laid off 10%, 100 people
• Crypto
• June 2022
• USA

Loom

• Employees Laid off 14%, 34 people
• Video Recording
• June 2022
• USA

Kontist

• Employees Laid off 25%, 50 people
• Fintech
• May 2022
• Berlin

Klarna

• Employees Laid off 10%, in numbers that's 700
• Fintech
• May 2022
• Who are those people: A list

Carvana

• Employees Laid off 10%, in numbers that's 700
• Transportation
• May 2022
• USA

Conde Nast

• Employees Laid off 90%, in numbers that's 700
• Journalism
• April 2022
• USA

Robinhood

• Employees Laid off 9%, around 300 people
• Consumer Investing and Trading Services
• April 2022
• USA

Getir

• Employees Laid off 14%, 4480 people
• Grocery Delivery
• April 2022
• Turkey

Netflix

• Employees Laid off 150 people
• Video Streaming
• April 2022
• USA

Wishing all the best to everyone in tough times. The takeaway from all this I have for myself:

"The more you solve a necessary and deep pain point that can have a positive impact on today's most pressing issues, the easier it might just be to get through this time." – Author

See you next week,

Franzi