[ryanSrich]

> A global recession is coming against a backdrop of the Fed raising rates

I believe we're going to double dip. We already dipped before the holidays. We'll see one more very painful quarter, which may not be Q1, but Q2 or Q3. From what I've seen, Series B+ is essentially impossible right now unless you're in the top 0.0001% of companies. Even then, if you're that operationally efficient, you might even hold off on funding until you can pull a higher valuation in 24-36 months.

As far as tech layoffs go. I think this has been coming for nearly a decade. Companies have been hiring at what seemed an insane pace for so long that it just became the norm. My personal opinions on Elon aside, he proved how bloated a lot silicon valley tech companies are/were.

[heyoni]

Did you read the article? They're actually hiring 350-400 software engineers. If anything, these layoffs say the exact opposite.

[grey-area]

Yes, there will be more layoffs, and when earnings collapse there will be another fall in stocks.

Raising money is going to become very difficult, even for those in a good position who manage to raise, they'll be asked for a lot more of their company in return for less money.

This might be a real bear market in equities (anyone remember those?), where things are bad for years and we may see something like the 70s, where the inflation peaked twice, the second time it was worse.

[abirch]

Elon did in the words of Peter Drucker, amputation without diagnosis.