Layoffs.fyi

by hammock • 3 years ago

174 70 3 years ago

exgl• 3 years ago

Notable that the latest layoff there (and a pretty large one, at that) is Airtable, which is the system the site relies heavily upon.

tibbon• 3 years ago

Is this dog fooding the app?

syndicatedjelly3• 3 years ago

Why is it okay to list the specific employees who were laid off? What if they don't want that information to be publicized to the internet?

yreg• 3 years ago

Those lists shouldn't contain people who haven't submitted their names themselves.

JoRyGu• 3 years ago

Shouldn't as in they might contain names against people's consent and that's bad, or shouldn't as in there is some process in place for people to submit their names and they derive the data from that process?

Bluecobra• 3 years ago

If you go to the "Lists of Employees Laid Off" there's a link to a Google spreadsheet. It seems to be gleaned/scraped from LinkedIn, so I guess if you keep your profile up to date you will show up in this list...

cle2• 3 years ago

It would be interesting to count people who were likely forced out due to return-to-office mandates.

cebert2• 3 years ago

I’m a huge proponent of RTO, but that’s a personal decision not a layoff.

finikytou• 3 years ago

its not a decision when it is forced...

paxys• 3 years ago

It's not a personal decision when the job was advertised as fully remote, you were hired in city A with the expectation that you would continue to live there, and then a few months later the company said "move your family 2000 miles to city B or resign".

If the company changes the terms of employment and you don't accept the new terms, that's not on you. The company is the one deciding to fire you, plain and simple.

pugworthy3• 3 years ago

Alternately, those that chose to not keep their job because they did not return.

wavefunction• 3 years ago

I note your passive voice in this "construct" for this fantasy

jmspring• 3 years ago

I think that would be an interesting number to know. I get occasional pings for remote contract options, the rates have dropped quite a bit from personal observation.

I’ve been lucky to be fully remote for over a decade. I avoided talking beyond a couple screens with Amazon during Covid because the hiring managers were wishy washy about if “hired remote” meant that would be a permanent thing. Despite the hullabaloo I think most Amazon management knew fully remote had an end date.

moneywoes3• 3 years ago

may i ask where you source these contracts?

shrikant• 3 years ago

Is this crowd sourced, or is there an element of curation? My ex-employer is on there twice as Kape and Kape Technologies.

toomuchtodo5• 3 years ago

It is crowdsourced but also curated by an individual.

tempsy• 3 years ago

I’m mostly interested in forced resignations due to not wanting to RTO.

The flip side is impact to “zoom towns” that were booming with remote workers and whether a bunch of new listings from RTO workers will drag certain housing markets lower

dcoleyoung1• 3 years ago

true aficionados of tech booms remember https://en.wikipedia.org/wiki/Fucked_Company

garrickvanburen• 3 years ago

Legend

jowea• 3 years ago

The more things change....

iwonthecase• 3 years ago

The time series chart shows a pretty strong decrease in the number of layoffs the last month, which is something I've noticed on the opposite side, where I'm getting a lot more interviews recently. Might just be my imagination though.

Also I did some analysis on this dataset a few months ago, and it seems like layoffs tend to happen near the beginning of the month, but I'm not sure why that would be.

Also, as an aside, this doesn't cover all places and I'd guess smaller startups would be less likely to show up. My last place went from about 45 to 10 employees over the last year (layoffs, RTO bs, terminations for "performance," etc.) and isn't on this list, for example.

cojo• 3 years ago

I’m not sure if this accounts for the datasets you are referencing, but one reason for layoffs to cluster at the beginning of the month, in the US at least, is health insurance…

Typically if you are laid off, your health insurance coverage will run at least through the end of the current month as of your last day before COBRA would kick in. This isn’t a hard and fast rule necessarily, and some layoffs extend healthcare coverage longer anyways, but I know for a fact multiple layoffs I’ve been involved in over the years have timed for the first of the month for this reason.

zamadatix• 3 years ago

I'd hold off coming to any conclusions on the numbers for a given month until at least after it has passed.

slg• 3 years ago

The time series chart shows a pretty strong decrease in the number of layoffs the last month

Do people remember how these companies were talking a year ago? Because I do.

Meanwhile, I just searched Google News for "[company] quarterly results" for the three companies with the highest layoff rounds and here were the headlines for the top result for each:

Alphabet reports better-than-expected quarterly results driven by growth in cloud
Amazon reports blowout profit, beats on sales and issues optimistic guidance
Meta reports better-than-expected results and issues optimistic guidance for third quarter

It is almost like the "difficult economic environment" that was "forcing their hands" might not have been as real as they were claiming. I don't know if this was another example of active collusion among big tech companies, but it certainly seems like these layoffs were at least partially motivated by power starting to shift too much into the hands of labor for the liking of some of these companies.

_ea1k• 3 years ago

I often hear the phrase "you can't drive by looking in the rear view mirror". In practice, though, most businesses actually do that.

A lot of the companies with layoffs had a "bad" quarter or so, but hiring continued during that bad quarter. So they correct for the past with layoffs, then resume hiring.

It makes perfect sense if you don't think about it.

malfist2• 3 years ago

It's not like they don't have a history of colluding to keep power from employees.

It's very suspicious that this "time of cost cutting" just so happened to coincide with increased office spending.

oblio• 3 years ago

To make things worse these companies are still doing layoffs in various hidden and underhanded ways. From what I figure they're doing "employee refreshes", i.e. getting rid of more experienced Covid hires with high salaries in favor of less experienced post-Covid hires with lower compensation.

For at least a few big companies, it's both big and scummy.

seanmcdirmid• 3 years ago

If a company has a great quarter buy hired for a much greater quarter, there could still be problems. My understanding is that there was a bit of a hiring frenzy (everyone desperate to hire as many people as possible) that wasn’t really justified, and most of those companies still have more employees than they did two years ago (even ignoring hiring after layoffs).

ehsankia• 3 years ago

I'm getting a lot more interviews recently.

Would these people immediately seek a new job, or would there be a lag between being laid off and seeking a new job, especially if you got a 6-12 month package. Wouldn't you want to take a few months off?

k_process• 3 years ago

Not in the US where health insurance is tied to your job and career gaps are perceived as substantially negative.

moneywoes3• 3 years ago

what levels are you interviewing for? any suggestions?

N3cr0ph4g1st• 3 years ago

I'm getting a lot more too. I'm applying for senior DS or a level lower mle positions and have gotten significantly more interviews in the last few weeks than the previous 2 months

blindriver• 3 years ago

The rate of layoffs seems like it has abated since about March. Hopefully this is a good sign for our industry.

steveBK123• 3 years ago

AI pump began around then..

pugworthy3• 3 years ago

It would be interesting to have an unbiased reason for various layoffs.

superfrank• 3 years ago

Rates went up and changed where businesses put their money.

Let's say your company has an idea that they are pretty sure can make a 2% return each year. If they can borrow money at 1% interest, it makes sense to borrow money to fund that project. When rates go up and loans now have 6% interest, borrowing money to fund that project no longer makes sense. On top of that, if they can park money in something like bonds and get a guaranteed 4% return, it actually makes more sense to just shut that project down and put the money in the bank since that's a higher return with lower risk.

The company in the scenario will actually make even more with less people since parking money in the bank doesn't require employees to get a return.

That's a super simplified version of what has happened. When the safe assets give small returns it makes sense to take risks because the alternatives pay so little. When safe assets give big returns appetite for risk goes down and money flows to safe investments.

To put this another way, if you put one million dollars in the bank for 10 years at 1% interest, you'll have a little over 1.1 million dollars at the end of ten years. That same million dollars at 6% interest will be worth just under $1.8 million after ten years. To justify taking that money out of the bank you've gone from needing a 10% return to an 80% return.

OhSoHumble• 3 years ago

I'm at one the companies that issued layoffs. It was dictated by VCs that there had to be a significant reduction in cost before they gave out additional funding.

skeeter2020• 3 years ago

I had a former coworker reach out after he was let go by Paper. They've done 3 rounds of lay-offs, around 100 people each time since May 17. Bravo! talk about the wrong way to make cuts; everyone left must be freaking out.

ChrisArchitect• 3 years ago

(2020)

Anything new here?

xeromal• 3 years ago

The layoffs are always updated

ConorSheehan1• 3 years ago

Site isn't mobile friendly. Graphs overflow without a scrollbar to see all the content. I prefer https://www.trueup.io/layoffs

myth_drannon• 3 years ago

The list is very partial. Sometimes they add companies that are obviously not tech at all and sometimes they don't add tech companies.

Layoffs.fyi

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