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by prions 1453 days ago
The trueup data casts a pretty wide net. Seeing Microsoft on that list and makes the impression that layoffs are hitting FAANGs in a similar way to high growth startups, but those layoffs were due to Microsoft pulling out of Russia.

https://www.trueup.io/co/microsoft#layoffs

3 comments

Similarly, the Tesla layoffs sounded like an office of in-house data labelers close to the tool developers in California being replaced by outsourced temp workers after the labeling tools reached maturity. It's a stretch to call that a tech layoff.
Amazon Mturk is cheap too
It's not unusual for companies who are doing fine to use industry layoffs as cover to cut under-performing employees.
Also contained Better. Debatable how much it is a tech company, and I believe many of the layoffs were mortgage loan officers.