Startups are pummeled in the ‘great unwinding’

Re:Startups are pummeled in the ‘great unwinding’ by thethethethe on Saturday April 04, 2020 @06:51PM (#22782179)

> FAANG will probably survive in some form because of cash reserves, but there will absolutely be cancelled projects and mass lay-offs. And those will have an effect on the the property and rental markets, on startup funding, and on everyone's cash flow

FAANG will lay off their armies of contractors before down sizing FTEs. Google has 125k FTEs but over 300k temps. Will it get to the point where FTEs are laid off? I’m not sure, but it seems pretty unlikely unless things don’t improve over the next few years or so

[ Parent | on HN ]

Re:Startups are pummeled in the ‘great unwinding’ by throwaway2048 on Saturday April 04, 2020 @08:03PM (#22782548)

contractors aren't summoned from the aether, they still live in houses.

[ Parent | on HN ]

Re:Startups are pummeled in the ‘great unwinding’ by quickthrower2 on Sunday April 05, 2020 @08:05AM (#22785183)

Are these temps and FTEs even doing the same role? It’s probably going to depend more on the role they are doing than work status.

[ Parent | on HN ]

Re:Startups are pummeled in the ‘great unwinding’ by thethethethe on Sunday April 05, 2020 @03:25PM (#22787853)

Depends. There are many many contractors doing corporate tech stuff but there are also vendors making food and they all have the same bright red badge

[ Parent | on HN ]