Tell HN: So many tech companies are having layoffs

13 points by orenlindsey ↗ HN
It's amazing how many tech companies have had layoffs in the last three days alone:

Discord (170 people, 17% of employees, laid off) - https://www.theverge.com/2024/1/11/24034705/discord-layoffs-17-percent-employees

Twitch (500 people, 35% of employees, laid off) - https://www.theverge.com/2024/1/10/24032187/twitch-layoffs-video-game-industry

Unity (1,800 people, 25% of employees, laid off) - https://www.theverge.com/2024/1/8/24030695/unity-layoff-staff-25-percent

Duolingo (10% of contractors laid off) - https://www.theverge.com/2024/1/8/24030420/duolingo-laid-off-10-percent-of-its-contractors-because-of-ai

Google (1,000 people, 0.5% of employees, laid off) - https://www.theverge.com/2024/1/11/24034124/google-layoffs-engineering-assistant-hardware

Humane (10 people, 4% of employees, laid off) - https://www.theverge.com/2024/1/9/24032274/humane-layoffs-ai-pin

Audible (100 people, 5% of employees, laid off) - https://www.theverge.com/2024/1/11/24034985/audible-is-laying-off-5-percent-of-its-staff

Credit to @imadeanaccount on another site (I know you're reading this lol) for compiling this information, I just thought it was cool and posted it.

5 comments

[ 3.9 ms ] story [ 23.5 ms ] thread
Are these layoffs outside of of a normal range? If we assume the rate is consistent for the remainder of the month we can say `currentLayoffs * 2.5` using Layoff.fyi[0] numbers that puts us around 6k people for the month.

[0] https://layoffs.fyi/

Is this like last time, where they were all raking in record profits but willing to follow the layoff trend to send a signal to investors?
It is just market correction from the crazy times of 2021/2022 where everyone and their mother were hiring in bulk because hey, free money (0 interest rates). Now that it has dried up, this was bound to happen.
Contractors and anything less than 50 people don't really count, do they?
thanks for using my statistics lol. also, i created a hackernews account just to post this