When will these layoffs end?
Was a little hopeful we'd see layoffs continue to trend downward in Q1, but they instead remained stubbornly high.
Outside of the peak moment of worry in early 2020 due to the pandemic, we hadn't ever seen a quarter with over 20,000 laid off employees from US Carta companies.
Now we've been over 20K for 8 straight quarters.
A little of this is due to underlying data set changes (since more companies join Carta everyday - up over 44,000 now) but the vast majority of the new joiners are pre-seed companies who employ very few folks, so the overall impact on these figures is minimal.
Sad to see. Sure, some people will say "this is healthy" or "this is necessary" which can both be true but actually it sucks.
This is also the context for startup job-seekers out there. The market for new roles is deeply impacted by these cuts, both because of the great talent now looking for a job and the overall headcount pressure evidenced by the layoffs themselves.
Hoping for a better Q2 🙏
#cartadata #layoffs #startups ____________________
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