Ask HN: What is the current driver of tech layoffs?

Re:Ask HN: What is the current driver of tech layoffs? by dalyons on Friday January 12, 2024 @12:17AM (#38964172)

Another factor here is that for many reasons startup equity (and thus startup comp in general) is much less valuable statistically than it was 10-15 years ago. Everyone knows that it a shit deal now, so many of the best engineers, those who can, are in big tech now. Leaving startups with lower quality talent pool, or those who just need a first job.

I say that with sadness and fond memories of ~2013 startup culture.

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Re:Ask HN: What is the current driver of tech layoffs? by hamandcheese on Friday January 12, 2024 @02:03AM (#38964956)

Yeah, having interviewed pretty recently, I was shocked at how low startup offers were compared to established companies and late stage startups.

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Re:Ask HN: What is the current driver of tech layoffs? by willcipriano on Friday January 12, 2024 @08:21AM (#38967605)

I started my career in start ups, they ask for 150% and want to pay 75. It's only fresh graduates and bootcamp people who fall for the equity scam nowadays. Everybody who has been around the block knows they are going to dilute the hell put of it before any liquidity event. It's really a shame beacuse I am far more productive in that environment I just wish I was able to eat more of what I kill there.

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