Tech layoffs don’t happen to companies, they happen to people

Founders couldn’t have prepped for a pandemic, but should’ve prepped for a pullback

Hello and welcome back to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines.

This is our Wednesday show, where we niche down to a single topic, think about a question and unpack the rest. This week, Natasha and Alex asked: What does the most recent wave of layoffs mean for tech workers?

The question comes after Natasha’s recent Startups Weekly column, “The Great Resignation, meet the Great Reset.” In the piece, which included a roundup of recent tech layoffs, she explored the idea of employee whiplash, and why this moment in pullback is different than what we saw in March 2020.

The goal of the episode was to humanize the tech layoffs we’ve seen ripple across the startup ecosystem, from buzzy, big names like Cameo, On Deck and Robinhood, to B2B platforms like Workrise and Thrasio. As our piece last week notes, the common thread between most of these layoffs, according to founders, is that there’s been a shift in the market and a serious pivot in business is required. A pivot, that is, that hurts the employees that built your product up after high demand.

Let us know how we did?

If you or a friend has recently been laid off, tip Natasha Mascarenhas or Alex Wilhelm on Twitter @nmasc_ and @alex. 

Equity drops every Monday at 7 a.m. PT and Wednesday and Friday at 6 a.m. PT, so subscribe to us on Apple Podcasts, Overcast, Spotify and all the casts.