Hey everybody we're jumping in real quick here with it's not really a portfolio profile

episode it's more of a newsy sort of add on here, but we are talking to one of our portfolio companies,

Grupa. I wanted to talk to Grupa because I think you've heard me say on the show that they have seen with all of the tech layoffs and whatnot in recent months more activity, which is good for Grouba.

But they've seen a lot more interest in their platform.

And so what I wanted to do real quick

was just reach out to them and see what they're seeing in terms of the job market and tech, the layoffs, the, you know, even companies running out of runway and stuff like that so we have

Samuel and Dami from group say hi both of you real quick.

Hi everyone, thank you for having us.

Hi everyone, it's a pleasure to be here.

So let's just start top level, tell me whatever you want to tell me in terms of what you're seeing like the layoffs came really hot and heavy

I feel like in January

But I keep hearing rumors that second rounds are coming for, you know, even places like

Meta and whatnot. So just a high level, what are you all seeing in terms of the job

market for tech folks right now?

So I can take that one.

I think it started late last year where companies were just trying to figure out where do we stand in this game, how do we survive.

And so companies started focusing or refocusing their energy on sectors in their businesses that can actually generate immediate revenue,

because they wanted to ensure that investors are feeling very confident in their position.

And so I think the biggest shock was when

matter later of 10 K-plus and then Google and Google layoff was very unexpected and

everyone were very very surprised but that's created a shockwave

across the entire tech industry and everyone felt like oh yeah Google has done it everyone

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