How layoffs are affecting the hottest tech startups
This market isn’t sparing even the most well-funded tech startups.
Despite raising billions in venture capital, 48 of the Forbes Cloud 100 have had sweeping layoffs.
WARNTracker teamed up with Pranshu Maheshwari to share some insight into how layoffs are affecting these companies.
You can take an in-depth view of the data here: https://yarn.warntracker.com/cloud-100
Some things that stood out to us:
- More than half of the Cloud 100 companies have still not had layoffs in 2022 or 2023
- Seattle startups have been hit hard – all 4 Seattle companies on the list have had layoffs
- Some of the largest companies (such as Databricks, Yardi, Canva) have successfully avoided layoffs
For more insight and up-to-date layoff alerts, check out WARNTracker
Full blog post about the Cloud 100 layoffs here.