Layoffs.fyi

by sunasra • 4 years ago

206 69 4 years ago

hbcondo714• 4 years ago

Data is compiled from public reports

Would the OP or someone else familiar with the site be able to provide more insight on the data? The site also allows users to submit layoffs so the data is crowdsourced too:

https://layoffs.fyi/share-layoff-intel/

Maxious• 4 years ago

Worker Adjustment and Retraining Notification (WARN) Act says layoffs of >100 FTE within a 30 day window have to be reported 60 days in advance. California state law is even stricter at >50 FTE.

throwaway_19287• 4 years ago

This is only going to get worse with deteriorating market conditions.

andrelaszlo• 4 years ago

And better with improving market conditions!

I guess that's not your point though?

throwaway_19287• 4 years ago

Yeah my point is we are going into a recession and it is going to get ugly.

durnygbur• 4 years ago

As a person actively applying in EU... the market reeks candidate desperation. Salaries remained constant or even decreased in numbers despite over 10% inflation. Zero flexibility on the employer side "need 5 years of SRE experience for SRE position, need 5 years of DevOps experience for DevOps position, etc". WTF is going on. With the perspective of mangling my brain on the "next cool" Angular stack I'll remain working on personal projects, thanks.

jeffrallen4• 4 years ago

I just got a job in the EU by watching on my desired commute path for new company signs I hadn't noticed before, then researching them. I found a startup in an industry that interested me, made an effort to network my way into the eyes of the CEO, and then made myself available when he had work available.

The whole process took 9 months.

The front door of companies is always locked due to the unintended consequences of trying to scale up HR and recruiting. Hang out by the side door, and an insider will let you in. (Remember that "bad recruiting" is a problem insiders are trying to solve, just as you are.)

0xfaded• 4 years ago

I think there's some wisdom in this. A huge amount of talent is about to be unlocked and a lot of BS cleared.

The good ideas will continue to be funded, so keeping a keen eye out and being in a position to jump makes sense.

mathverse3• 4 years ago

9 months is an absolutely stupidly long for an EU position.

The pay is so meh that it is not worth it

sofixa• 4 years ago

EU is pretty big and varied, the markets in Spain, Slovenia and Estonia are probably quite different, let alone per city. I can assure you none of what you said applies to France (at least Paris but many of the jobs i see/saw/interviewed for were fully remote, so I don't see why they wouldn't accept people from other areas of France).

fer• 4 years ago

France resident here, anecdotal evidence, but Paris (and IDF) companies tend to only accept +100% match (close to 100% requirements + big chunk of the "nice to haves") for remote positions. If you miss anything from their stack they just pick someone else since the pool is much bigger. If you live in IDF they seem to care less about you being a perfect fit.

Yoric• 4 years ago

As someone who changed job last year, I didn't feel that pressure. My anecdotal experience was pretty much the opposite.

I was looking for remote work, could be related?

isbvhodnvemrwvn2• 4 years ago

What time last year? Inflation has advanced quite a bit even since November.

ushakov• 4 years ago

have you tried applying to US-based startups with offices in EU?

pay is 2x average + bonuses/stock options

still nowhere near US though

SLWW• 4 years ago

I find it quite alarming that over 15,000 people have been laid off in transport since 2020. That's a lot of people impacted.

ofcrpls• 4 years ago

Related, the old school non-startup version of this is at https://www.thelayoff.com

rvba• 4 years ago

Wow it has an active comment section - very interesting link!

isbvhodnvemrwvn2• 4 years ago

Keep in mind that these communities are affected by what I call a "reddit effect" - they tend to be negative, so only people who dislike the company go there, creating a toxic negativity feedback loop. Same as many major subreddits which thrive on negativity and outrage. Take whatever you read there with a grain of salt.

jonahbenton• 4 years ago

The real old school startup version was

https://en.m.wikipedia.org/wiki/Fucked_Company

Ahead of his time, my man Pud was.

toomuchtodo• 4 years ago

And they’re an active HN contributor.

https://news.ycombinator.com/user?id=pud

MichaelMoser1232• 4 years ago

Does the rise in the layoff chart mean that it is now harder to raise money? If yes, then to what extent?

throwaway_19287• 4 years ago

Some VCs are telling their companies to not expect to raise another round in 2022.

tr1ll10nb1ll5• 4 years ago

Wow, is it that bad? Cause all you hear is mostly large rounds floating around everywhere. Especially for web3 these days.

blagie2• 4 years ago

This seems like an odd response. With high inflation, there aren't many great places to keep money.

Where are people moving their money to?

2sk21• 4 years ago

Looks like someone has resurrected F*cked Company :-) Brings back interesting memories of the period from 2000 to 2002.

jaybna• 4 years ago

All hail Pud

tr1ll10nb1ll5• 4 years ago

More interested in how it works than what it does later with that mechanism.

Also, this is great but it'd be helpful to add "employees hired" (not necessarily by the same companies that are laying off) since March 2020 too to calculate the net impact instead of having a linear metric that just grows.

kqr3• 4 years ago

Also because there's a meaningful difference between 100 net layoffs when it means "1 hired and 101 laid off" or "9900 hired and 10000 laid off."

tr1ll10nb1ll5• 4 years ago

Why does there have to be one or the other? There should be both the metrics.

culi• 4 years ago

I agree, but I feel like this tool is mainly geared towards companies looking to snatch up talent and not the curious majority

golergka• 4 years ago

The chart gives an impression that most of these happened in Q1-2 of 2020 and everything has more or less settled since then. Or am I missing something?

Silhouette• 4 years ago

That's what I see. Many employers were very cautious, often with good reason, in the early days of the pandemic. Right now the market doesn't look bad at least here in the UK and going by the level of recruiter spam I get.

Some of the more recent names I recognise on the layoffs.fyi list are Zillow, Peloton and Robinhood. These have all had unique, headline-making difficulties so perhaps they don't reflect the market as a whole.

It's hard to believe the good times will continue to roll even in the tech sector though. The boost that some parts of the industry received from profound lifestyle changes on a societal scale caused by COVID is history and the boom in tech stocks is long past with widespread and sometimes very large corrections since.

Now the entire global economy is surely going to take a big hit. Some sort of normal life returns but the costs of the economic damage from the virus itself and the huge support schemes many governments put in place come due. The actions of certain belligerent leaders aren't helping. All of this will surely dampen investment so say goodbye to the kind of crazy startup that gets way more funding than it really needs and goes on a huge hiring campaign because it doesn't know what else to do with the money.

I'm afraid some relatively young people in the software industry who think it's normal to job-hop every few months for a double-digit salary raise and to double-or-more their base through stock and bonuses may be about to learn a brutal lesson just as some of us older devs did in the GFC or dot-bomb eras before.

yreg2• 4 years ago

The Airtable table has a UX quirk that I find rage inducing.

When I click on a column header to sort the data, a "sorted by 1 field" dropdown opens and covers the top rows of the newly sorted data. Then if I click the x in the corner of said dropdown, it removes the filter (and doesn't close the dropdown). Clicking outside of the table doesn't close it either, since the table is embedded.

FR10• 4 years ago

I too had the same issue, I figured you must click the "Sorted by 1 field" badge. I wanted to sort by # of employees and I couldnt see the first few rows.

yreg2• 4 years ago

Same here. I guess sorting by # of employees is the obvious first thing to do with this table.

jokethrowaway• 4 years ago

Assuming these are engineers, product or designers, I wonder why they don't just replace them with cheaper remote workers overseas.

Layoffs.fyi

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