Tech Startup Layoffs: What, Where, Who And The Impact On Freelancers

This week, the US Labor Department reported an extraordinary rise in unemployment claims. The individuals seeking unemployment support March 15-April 4 surged to 16.8 million. According to Politico, “the number of jobs lost in a mere three weeks now exceeds the 15 million that it took 18 months for the Great Recession to bulldoze from 2007 to 2009.”

Tech jobs have been lost all over the country, and across a variety of sectors. And, one obvious area that has recently been hard hit is the startup community in the Bay Area and elsewhere. Layoff Tracker has done a super job of tracking the layoffs that have troubled both well-known and established companies like YelpGroupon and Zenefits, and dozens of new businesses that were just starting up or had recently received angel funding.

Layoff Tracker has been a key go to site for anyone in recruiting, freelancing or HR tech. In a recent article in Crunchbase, Mary Ann Azevedo tells how entrepreneur Roger Lee, co-founder of Human Interest, a retirement plan provider for small and medium-sized businesses began a side project tracking  tech startup layoffs globally primarily in the US and Canada.  The author describes the origin story this way, “Lee told me he got the inspiration because Human Interest was fortunate to still be hiring during the COVID-19 pandemic, and had been able to find “great candidates” among those laid off.”

Read the rest on Forbes


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