Tech layoffs don't happen to companies, they happen to people
Equity
TechCrunch
4.2 • 372 Ratings
🗓️ 11 May 2022
⏱️ 27 minutes
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| 0:00.0 | Hello and welcome back to Equity, a podcast about the business of startups |
| 0:15.7 | where we unpack the numbers and nuance behind the headlines. I'm Natasha |
| 0:19.2 | Masqueriness and this is our Wednesday show where we niche down to a |
| 0:21.7 | single topic, think about a question and unpack the rest. |
| 0:24.8 | There's been a ton of layoffs across tech right now and we've been covering them all on TechRunch. |
| 0:29.6 | But we want it to take this week's Wednesday episode to talk about the employee impact |
| 0:33.6 | because as my co-worker said layoffs don't happen to companies they happen to |
| 0:36.9 | people at companies so this week we're asking what does the most recent wave of |
| 0:41.2 | layoffs mean for tech workers? |
| 0:43.2 | As always, I am joined by the wonderful Alex Wilhelm |
| 0:46.2 | who has covered a few layoff cycles here and there. |
| 0:48.4 | Covered a few layoff cycles been part of one or two, |
| 0:51.1 | you know? |
| 0:51.8 | I feel like this is just part of the |
| 0:53.0 | ebb and flow of technology. Natasha, every time we have a multi-year period of |
| 0:56.7 | euphoria and Abulians? Yeah, sure. Yeah, you end up with the hangover and |
| 1:01.3 | we're gonna focus on the people today but we will make fun of the companies and we will empathize with the folks. |
| 1:05.8 | It's like our sweet spot of episodes and it's weird I agree I think in a way this was like the thing we knew was going to happen the moment startups |
| 1:13.7 | started to boom and really react positively to pandemic habits. We knew that layoffs |
| 1:18.6 | were going to be inevitable because companies were acting without discipline, but |
| 1:22.4 | I guess because of that numbness, |
| 1:24.1 | I was surprised when I last week felt such a heaviness |
... |
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